search query: @freeterm joint ventures / total: 4
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| Author: | Panagopoulos, A. |
| Title: | Understanding when universities and firms form RJVs: the importance of intellectual property protection |
| Journal: | International Journal of Industrial Organization
2003 : NOV, VOL. 21:9, p. 1411-1433 |
| Index terms: | Universities Companies Research |
| Freeterms: | Joint ventures Intellectual property |
| Language: | eng |
| Abstract: | During the past 20 years, there has been seen an increase in joint research btw. universities and firms. Nevertheless, this increase, which is largely attributed to the Bayh–Dole Act, has fallen short of expectations. This paper examines the conditions under which a firm will find it profitable to form a Research Joint Venture (RJV) with a university. The results indicate that firms working on new-technologies, are more likely to form such partnerships. The reason is that these firms optimally choose minimal IP protection (lower profits), in effect sharing their innovation, so as to benefit from increased knowledge spillovers. Thereby, the opportunity cost of joining an RJV for firms and universities working on mature technologies is greater, making such partners unlikely candidates for RJVs. |
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