The Structure and Performance of U.S. Research Joint Ventures: Inferences and Implications from the Advanced Technology Program

James Adams and Albert Link

No 23734, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Research Joint Ventures (RJVs) are projects that combine the research resources of different firms. A sample of RJVs supported by the U.S. Advanced Technology Program shows that the projects yield revenues that are far less than costs. Related to this point, the RJVs are subject to commercialization delays, loss of intellectual property, and product market competition. Partner firms undertake joint research, but if they commercialize at all, they do so separately, to avoid splitting of revenues from new products. Ultimately, difficulties with the RJVs occur because frequently, firms are potential competitors.

JEL-codes: D23 K21 L24 O31 O34 O38 (search for similar items in EconPapers)
Date: 2017-08
New Economics Papers: this item is included in nep-com, nep-cse, nep-ino, nep-ppm and nep-tid
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Citations: View citations in EconPapers (3)

Published as James D. Adams & Albert N. Link, 2018. "The structure and performance of U.S. research joint ventures: inferences and implications from the Advanced Technology Program," Economics of Innovation and New Technology, vol 27(5-6), pages 551-575.

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