This article examines the effects of knowledge sharing or endogenous spillovers among R&D consortia participants on R&D competition when R&D enhances a firm's absorptive capacity. A three-stage model illustrates how different compositions of R&D consortia affect endogenous spillover rates and...

This paper empirically evaluates the impact of the US Advanced Technology Program-sponsored consortia on the ex-post research productivity of participating firms. We find that there is a positive association between the intensity of participation in research consortia and the overall research...