Market shares, R&amp;D agreements, and the EU block exemption

Ruble, Richard; Versaevel, Bruno

doi:10.1016/j.irle.2013.04.008

Cited by 5 publications

(4 citation statements)

References 24 publications

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“…The companies began to export more than 17 years ago, which is why they have the necessary experience in the export process, which is why they have acceptance in the international market, especially in the United States and some European countries. Jewelry exports depend on the festive seasons of the destination countries According to Ruble and Versaevel (2014), when market share is promoted through R&D cooperation, companies achieve greater benefits.…”

Section: Salesmentioning

confidence: 99%

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

Jara

Román

Surichaqui

et al. 2020

Business: Theory and Practice

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The purpose of this research is to make known the internal factors that stimulate the internationalization of companies in the jewelery sector. We consider the qualitative approach at the descriptive level through semi-structured interviews with twelve major exporting companies in the jewelery sector in Peru. The results of the investigation show that the most relevant internal factors for the internationalization of jewelry companies is the international experience based on the understanding of markets, foreign clients, competition, knowledge of the documents and certificates necessary for an export, international commercial relations and risks in the negotiations; Another relevant internal factor is the personalization of the product with characteristics of innovation that generates better export results and, therefore, have a competitive position, since in the international market customers consider that companies have a product with added value, innovative and competitive. Moderately relevant factors are transaction costs, firm size, and the tacit nature of know-how; while opportunistic behaviuor is of little relevance. These findings will serve to understand opportunities and limitations that companies must be aware of to undertake new internationalization projects in the jewelery sector.

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Section: Salesmentioning

confidence: 99%

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

Jara

Román

Surichaqui

et al. 2020

Business: Theory and Practice

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“…The EU block exemption on cooperative R&D arrangements can be seen as a step in this direction. On the other hand, one sees the view that cooperative R&D agreements among product market competitors may increase the possibility of product market collusion (Motta 2004;Suetens 2008). The market share limit of the block exemption can limit this effect, however.…”

Section: Related Literaturementioning

confidence: 99%

The EU Block Exemption and Horizontal R&D Agreements

Clark

Michalsen

Olsen

2020

International Journal of the Economics of Business

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We analyze the effect of the European Union Competition Authority's block exemption towards R&D cooperatives in a horizontal market structure, valid as long as the combined product market share is not too large. Two less efficient firms attempt to catch up with a technological leader, and may use the safe harbour provided by the legislation. We consider when the incentives of the R&D-performing firms are aligned with those of consumers, and when increases in the market share limit improves welfare. We show that an effective policy within this framework might be elusive. The market share restriction must be set in order that it is optimal for firms to use the safe harbour, and that this leads to more R&D than under competition. Even in this case, further increases in the market share restriction can harm welfare. This has widespread implications for how the EU Competition authority should respond to calls for an increase in the market share restriction.

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“…On the contrary, the effect of product market competition on R&D activities is far less clear. Indeed, several studies (e.g., Cassiman and Veugelers, 2002;Aghion et al, 2005;Wu, 2012, Ruble andVersaevel, 2014) have shown that product market competition and firms' willingness to cooperate in R&D are linked in a not monotonic fashion.…”

Section: Introductionmentioning

confidence: 99%

Public Subsidies and Cooperation in Research and Development. Evidence from the Lab.

et al. 2022

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We implement an experimental design based on a duopoly game in which subjects choose whether to cooperate in Research and Development (R&D) activities. We first conduct six experimental markets that differ in both the levels of knowledge spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases in the level of spillovers and decreases in that of market competition. We then replicate the experimental markets by providing subsidies to subjects who cooperate. Subsidies relevantly increase the probability of cooperation in focus markets, causing, however, a sensible reduction of R&D investments. Overall, our evidence suggests that, depending on the characteristics of the market, the use of public subsidies might be redundant, for firms would anyway joined their R&D efforts; or counterproductive, inducing firms to significantly reduce R&D investments compared to the non-cooperative scenario.

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Market shares, R&D agreements, and the EU block exemption

Cited by 5 publications

References 24 publications

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

Internal Factors That Stimulate the Internationalization of Companies in Peru’s Jewellery Sector

The EU Block Exemption and Horizontal R&D Agreements

Public Subsidies and Cooperation in Research and Development. Evidence from the Lab.

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