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

In: Research and Innovation in the Modern Corporation

Author

Listed:
  • 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)

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.

Suggested Citation

  • Edwin Mansfield & John Rapoport & Jerome Schnee & Samuel Wagner & Michael Hamburger, 1971. "Project Selection, Commercial Risks, and the Allocation to Small Business of Federal Research and Development Contracts," Palgrave Macmillan Books, in: Research and Innovation in the Modern Corporation, chapter 3, pages 47-63, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01639-6_3
    DOI: 10.1007/978-1-349-01639-6_3
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