In the past decade the share of cooperative R&D has increased. In this paper, using a case study of the forest industry in Canada, the antecedents of cooperative R&D and the forms it take are investigated. We show how market failures are corrected in the industry largely through industry wide...

Collaborative research consortia allow firms to pursue scale and scope economies in research, finance large costly proposals, share risks, avoid unnecessary duplication, internalize the externalities created by research spillovers, and allow the use of firm-specific complementary skills and...