search query: @author Sandonis, J. / total: 3
reference: 2 / 3
| Author: | Pastor, M. Sandonís, J. |
| Title: | Research joint ventures vs. cross licensing agreements: an agency approach |
| Journal: | International Journal of Industrial Organization
2002 : FEB, VOL. 20:2, p. 215-249 |
| Index terms: | INCENTIVES JOINT BUSINESS VENTURES LICENSING MORAL HAZARD R&D |
| Language: | eng |
| Abstract: | In this paper two broad categories of organizing a cooperative R&D project are compared: a Research Joint Venture (RJV) and a Cross Licensing Agreement (CLA). In a non-deterministic R&D setting including asymmetric information, the authors show that an RJV is more efficient in providing incentives, it allows to capture existing synergies and facilitates the dissemination of the partners' know-how, which is socially desirable. |
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