The Output and Profit Effects of Horizontal Joint Ventures
用猜想变差模型分析生产型合资企业对其母公司利润和行业总产出的影响，发现合作行为下母公司利润更可能增加，但行业产出增加的条件较严格。
The effects of production joint ventures on their parents' profits and total industry output are analyzed. Using a conjectural variations model, joint ventures that represent new producing entities are shown to be more likely--because the profits of parents in the same industry are more likely to increase--under conditions of cooperative as opposed to rivalrous behavior. Under the same circumstances, industry output increases, although a modest rise in cooperation among firms suffices to reverse these effects. The precise results are shown also to depend upon the degree of coordination of the output decisions of the joint venture and its parents. Copyright 1992 by Blackwell Publishing Ltd.