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Article: On the organization of cooperative research and development: Theory and evidence

TitleOn the organization of cooperative research and development: Theory and evidence
Authors
KeywordsCo-Development
Incomplete Contracts
Organizations Of Cooperative R And D
Research Joint Ventures
Issue Date1997
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijio
Citation
International Journal Of Industrial Organization, 1997, v. 15 n. 5, p. 573-596 How to Cite?
AbstractIt has become increasingly prevalent that business firms, often rival firms, join forces in cooperative R and D to develop new technologies that they can use in their downstream business. Equity research joint ventures and non-equity co-development are the two major modes of organization, and they differ in how ownership rights over newly developed technologies are assigned. This paper addresses the question of when cooperative R and D should be carried out in a research joint venture as opposed to a co-development program. In a setting of contractual incompleteness, the nature of the downstream business of participating firms is shown to determine the organization of cooperative R and D. Empirical evidence that is consistent with the theoretical analysis is also presented. © 1997 Published by Elsevier Science B.V.
Persistent Identifierhttp://hdl.handle.net/10722/177866
ISSN
2015 Impact Factor: 0.866
2015 SCImago Journal Rankings: 1.085
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTao, Zen_US
dc.contributor.authorWu, Cen_US
dc.date.accessioned2012-12-19T09:40:37Z-
dc.date.available2012-12-19T09:40:37Z-
dc.date.issued1997en_US
dc.identifier.citationInternational Journal Of Industrial Organization, 1997, v. 15 n. 5, p. 573-596en_US
dc.identifier.issn0167-7187en_US
dc.identifier.urihttp://hdl.handle.net/10722/177866-
dc.description.abstractIt has become increasingly prevalent that business firms, often rival firms, join forces in cooperative R and D to develop new technologies that they can use in their downstream business. Equity research joint ventures and non-equity co-development are the two major modes of organization, and they differ in how ownership rights over newly developed technologies are assigned. This paper addresses the question of when cooperative R and D should be carried out in a research joint venture as opposed to a co-development program. In a setting of contractual incompleteness, the nature of the downstream business of participating firms is shown to determine the organization of cooperative R and D. Empirical evidence that is consistent with the theoretical analysis is also presented. © 1997 Published by Elsevier Science B.V.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijioen_US
dc.relation.ispartofInternational Journal of Industrial Organizationen_US
dc.subjectCo-Developmenten_US
dc.subjectIncomplete Contractsen_US
dc.subjectOrganizations Of Cooperative R And Den_US
dc.subjectResearch Joint Venturesen_US
dc.titleOn the organization of cooperative research and development: Theory and evidenceen_US
dc.typeArticleen_US
dc.identifier.emailTao, Z: ztao@hku.hken_US
dc.identifier.authorityTao, Z=rp01097en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0167-7187(96)01052-1-
dc.identifier.scopuseid_2-s2.0-0031529708en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0031529708&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume15en_US
dc.identifier.issue5en_US
dc.identifier.spage573en_US
dc.identifier.epage596en_US
dc.identifier.isiWOS:A1997XG63300003-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridTao, Z=7201884505en_US
dc.identifier.scopusauthoridWu, C=7501664026en_US

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