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Coordination Costs: A Drawback for Research Joint Ventures?
The authors analyze a simple oligopoly model where firms can engage in cost-reducing R&D. They compare two R&D regimes, that is, R&D competition and R&D cooperation where firms can enter in a Research Joint Venture.
Link
http://www.lboro.ac.uk/departments/ec/RePEc/lbo/lbowps/coordcostRJV.pdf