Dynamic Cooperation in R&D

Sumit Joshi and Nicholas S. Vonortas

Chapter 9 in Competition, Cooperation, Research and Development, 1997, pp 159-191 from Palgrave Macmillan

Abstract: Abstract It has long been recognized that dynamic processes underlie technical advance.1 Moreover, common economic parlance has it that firms in industries considered ‘strategic’ by developed countries engage in technology-based competition. What we have additionally come to realize, however, is that the structure of the ‘technical enterprise’ as a whole may be both more complex than earlier economic accounts led us believe and changing fast (e.g., Fusfeld, 1986, 1994). Gone is the conceptualization of the individual firm marshalling its own technological capabilities in order to gain over its rivals. The spread of technological capabilities around the world and the intensifying competition have obliged even the largest firms to look further and beyond their internal research and development (R&D) laboratories in order to keep up with the latest developments of rapidly evolving technologies as well as ease the excessive burden of exploding R&D expenditures on their budgets. Thus, in addition to direct competition, firms have increasingly utilized various forms of vertical and horizontal cooperative agreements (strategic alliances) to pursue their competitive objectives.

Keywords: Technological Knowledge; Technical Knowledge; Strategic Alliance; Profit Function; Time Path (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25814-7_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349258147

DOI: 10.1007/978-1-349-25814-7_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().