The structure and performance of U.S. research joint ventures: inferences and implications from the Advanced Technology Program
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: Research joint ventures (RJVs) are projects that combine the research resources of different firms. A sample of RJVs supported by the U.S. Advanced Technology Program shows that the projects yield revenues that are far less than costs. Related to this point, the RJVs are subject to commercialization delays, loss of intellectual property, and product market competition. Partner firms undertake joint research, but if they commercialize at all, they do so separately, to avoid splitting of revenues from new products. Ultimately, difficulties with the RJVs occur because frequently, firms are potential competitors.
The structure and performance of U.S. research joint ventures: inferences and implications from the Advanced Technology Program
PDF (Portable Document Format)
570 KB
Created on 2/18/2022
Views: 547
Additional Information
- Publication
- Economics of Innovation and New Technology, 2018, 27: 551-575
- Language: English
- Date: 2018
- Keywords
- Limits of the firm, partnerships, research joint ventures, contracts, property rights economics, subsidies, supervision, productivity, innovation, patents, commercialization, Advanced Technology Program