Project Selection, Commercial Risks, and the Allocation to Small Business of Federal Research and Development Contracts

Edwin Mansfield, John Rapoport, Jerome Schnee, Samuel Wagner and Michael Hamburger
Additional contact information
Edwin Mansfield: University of Pennsylvania
John Rapoport: Mount Holyoke College
Jerome Schnee: Columbia University
Samuel Wagner: Temple University
Michael Hamburger: Federal Reserve Bank of New York

Chapter 3 in Research and Innovation in the Modern Corporation, 1971, pp 47-63 from Palgrave Macmillan

Abstract: Abstract The previous chapter was concerned with the nature, organization, and technical outcome of industrial research and development. In this chapter, we continue to focus on industrial research and development, but our attention shifts to different, though related, aspects of this topic. Specifically, we are interested in the extent to which firms are using various quantitative techniques to select R and D projects. These techniques have been the object of considerable investigation by operations researchers and management scientists. Also, we are interested in the extent of the commercial risks—as distinct from technical risks—involved in research and development. The previous chapter dealt only with technical risks.

Keywords: Small Business; Small Firm; Large Firm; Average Cost; Quantitative Technique (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01639-6_3

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DOI: 10.1007/978-1-349-01639-6_3

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