Joint Ventures and Technology Adoption ∗
Joint Ventures and Technology Adoption ∗
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2018
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本文探讨了当企业有机会采用高效生产技术时，企业对合资企业的激励措施。当企业在生产效率方面存在异质性时，在一致成本分摊规则下，高效企业比低效率企业承担更大的建立合资企业的成本份额。由于这种成本分摊效应，合资企业阻碍了企业采用高效技术。然后，由于企业采用高效技术的动力较弱，当企业有机会内生地决定其生产技术时，合资企业更有可能出现。
This paper examines firms’ incentives for joint ventures when they have an opportunity to adopt an efficient production technology. When firms are heterogeneous in terms of production efficiency, an efficient firm owes a larger cost share to establish a joint venture than an inefficient firm under a unanimity cost-sharing rule. Due to this cost-sharing effect, a joint venture deters firms from adopting an efficient technology. Then, because of firms’ weak incentive to adopt an efficient technology, a joint venture is more likely to occur when firms have an opportunity to determine their production technologies endogenously.