The Hidden Surplus From Research Joint Ventures: An Application Of Systems Reliability Theory

Manfredi M.A. La Manna

No 610, CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: The paper’s aim is two fold: (a) to model some key features of the research process as a multi-component system, as understood by the mathematical theory of systems reliability; and (b) to apply the resulting model to Research Joint Ventures, showing that a potentially very large surplus can be realized purely by organizing research efficiently, i.e. even without any changes in R&D investment.

Keywords: optimal organization; systems reliability; Research Joint Ventures; parallel and series systems; majorization; organizational surplus. (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2006-11
New Economics Papers: this item is included in nep-bec, nep-ino, nep-ipr, nep-pr~ and nep-knm
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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:0610

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