Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223579
Authors: 
Banal-Estañol, Albert
Duso, Tomaso
Seldeslachts, Jo
Szücs, Florian
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8507
Abstract: 
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs and that R&D spending is reduced among technologically close RJV participants.
Subjects: 
spillovers
R&D
research joint ventures
market value
patents
JEL: 
L24
L44
K21
O32
Document Type: 
Working Paper

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