IDEAS home Printed from https://ideas.repec.org/a/taf/ecinnt/v34y2025i2p186-203.html
   My bibliography  Save this article

Endogenous R&D formations in a mixed triopoly under common ownership

Author

Listed:
  • Jiaqi Chen
  • Doori Kim
  • Sang-Ho Lee

Abstract

This study investigates the impacts of common ownership in a mixed triopoly market and examines the role of private–public partnerships in the research and development (R&D) formations characterized by research joint ventures (RJVs). We compare different RJVs competition among private firms (pure partial RJV) or between private and public firms (mixed partial or full RJV). We find that common ownership decreases (increases) welfare under R&D competition or mixed partial RJV (under pure partial RJV or full RJV, respectively). We also find that in an endogenous agreement on RJV formation, full RJV can be agreed upon, which is socially desirable, whereas mixed partial RJV could be when the degree of common ownership is low. Our findings suggest that the government should promote private–public partnerships in R&D investments with higher common ownership.

Suggested Citation

  • Jiaqi Chen & Doori Kim & Sang-Ho Lee, 2025. "Endogenous R&D formations in a mixed triopoly under common ownership," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 34(2), pages 186-203, February.
    • Handle: RePEc:taf:ecinnt:v:34:y:2025:i:2:p:186-203
    DOI: 10.1080/10438599.2024.2321541
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10438599.2024.2321541
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10438599.2024.2321541?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecinnt:v:34:y:2025:i:2:p:186-203. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GEIN20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.