High-Cost Domestic Joint Ventures and International Competition: Do Domestic Firms Gain?
论证在不完全竞争市场中，即使合资企业生产投入品的边际成本高于市场价格，最终产品生产商仍可能从中获益，因为合资生产会降低投入品市场价格，从而提高最终产品利润。
This paper develops the idea that when markets are imperfectly competitive, final producers may gain from a joint venture that produces part of their input requirements even though marginal cost exceeds the input's market price. Production by the joint venture lowers the market price of the input and this can raise profits sufficiently from final product sales to make the joint venture worthwhile. Also, use of a joint venture internalizes the positive externality from a lower input price. These results are motivated by a setting in which domestic firms are dependent on foreign oligopolistic suppliers for a key input.