Research Joint Venture and Open Economy

ETRI Journal

关键词: Research Joint Venture and Open Economy;   

Others  :  1183904
DOI  :  10.4218/etrij.93.0193.0006

【 摘 要 】

The consumer surplus under the open economy is greater than that under the closed economy from the viewpoint of social welfare. This indication has been proved when only the product market is considered. This article is to show how this result is changed if the R&D market as well as the product market is considered. We find the possibility that the closed economy is preferred to the open economy in case of the (international) R&D joint venture.

   

【 参考文献 】

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