IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v29y1983i9p1016-1026.html
   My bibliography  Save this article

An Evaluation of Federal Policies Concerning Joint Ventures for Applied Research and Development

Author

Listed:
  • Prafulla Joglekar

    (La Salle College)

  • Morris Hamburg

    (University of Pennsylvania)

Abstract

Current federal policies toward interfirm cooperation in research and development are designed to maximize society's use of available technology. Models of industry resource allocation behavior demonstrate that these policies are detrimental to the formation of risk sharing consortia for the development of new technology. The reason is that current policies often deprive applied research and development activities of their appropriability. Analytical results suggest that, if appropriability is maintained, an underinvestment in applied research and development can be corrected, in most cases, simply by permitting firms to share the benefits and costs of projects in proportion to firms' investments. A permissive governmental posture may be particularly effective for industries consisting of a large number of firms with some firms relatively larger than others. Industries consisting of small numbers of relatively equal size firms may require government as a participant in consortia for applied research and development (appropriable but risky R&D activities).

Suggested Citation

  • Prafulla Joglekar & Morris Hamburg, 1983. "An Evaluation of Federal Policies Concerning Joint Ventures for Applied Research and Development," Management Science, INFORMS, vol. 29(9), pages 1016-1026, September.
    • Handle: RePEc:inm:ormnsc:v:29:y:1983:i:9:p:1016-1026
    DOI: 10.1287/mnsc.29.9.1016
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.29.9.1016
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.29.9.1016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mudambi, Ram & Swift, Tim, 2011. "Proactive R&D management and firm growth: A punctuated equilibrium model," Research Policy, Elsevier, vol. 40(3), pages 429-440, April.
    2. Joglekar, Prafulla & Hamburg, Morris, 1996. "Conditions for government support of private research and development," European Journal of Operational Research, Elsevier, vol. 94(3), pages 626-630, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:29:y:1983:i:9:p:1016-1026. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.