The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures
分析合资双方如何通过合作获取对方专有技术，以及这种知识获取如何导致合资企业解散，并探讨了解散条件、收购方、解散时间及其比较静态分析。
We analyze the role of knowhow acquisition in the formation and duration of joint ventures. Two parties become partners in a joint venture to benefit from each other's knowhow. Joint operations provide each party with the opportunity to acquire part of its partner's knowhow. A party's increased knowhow provides the impetus for the dissolution of the joint venture. We characterize the conditions under which dissolution takes place, identify the party that buys out its partner, determine the time to dissolution, establish its comparative statics, and examine the implications of knowledge acquisition for the desirability of joint venture formation. Copyright 2007, Oxford University Press.