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We reconsider the justifications of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to pool R&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic benefits of R&D investment in the...
Persistent link: https://www.econbiz.de/10010343942
This paper reconsiders the explanation of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic...
Persistent link: https://www.econbiz.de/10010371077
Persistent link: https://www.econbiz.de/10001730373
America's most innovative firms participate in the U.S. Commerce Department's Advanced Technology Program (ATP) those that participated at least once accounted for over 40 percent of U.S. patents to U.S. entities during 1988-1996. Many firms are repeat participants. ATP participation has...
Persistent link: https://www.econbiz.de/10012754647
The decision to cooperate within R&D joint ventures is often based on expert advice such advice typically originates in a due diligence process, which assesses the R&D joint ventures profitability, for example, by appraising the achievability of synergies. We show that if the experts who advise...
Persistent link: https://www.econbiz.de/10009409623
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and...
Persistent link: https://www.econbiz.de/10012263724
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and...
Persistent link: https://www.econbiz.de/10012258922
Persistent link: https://www.econbiz.de/10001766462
of economic benefit by patent applications filed and granted. Interrogating the effect of targeted funding at a … university level we find award of U-I targeted grants coincides with increased patent activity compared to non-targeted grants …. Exploring the dynamics of the relationship, we observe the effect of U-I targeted grants on patent activity is short lived at an …
Persistent link: https://www.econbiz.de/10012157265
This paper analyses the nature of knowledge spillovers from research and development (R&D) in the field of liquid crystal display technology by estimating the impact of inventors' changing organizational and collaborative affiliations on the probability of citations in US patents filed between...
Persistent link: https://www.econbiz.de/10011490728