Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support scheme that has been maintained by the Danish government since 1995. To cope with identification...

This paper analyzes the effects of mixed public-private Ramp;D incentives and empirically tests whether patents that were publicly sponsored are more quot;importantquot; than non-subsidized ones. Blending patents and public subsidies will allow the funding agency to subsidize inventions that...