On the organization of cooperative research and development: theory and evidence

Article Abstract:

Research and development partnerships between competing business organizations have become increasingly common in the development of new technologies for use in downstream business. Two examples of these organization types are equity research joint ventures (RJV) and non-equity co-development (COD), which differ in terms of how ownership rights are determined over the new technological innovations. In circumstances of contractual incompleteness,the type of downstream business of the firms involved are found to decide the choice of the organization of the joint R&D.

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Technology adoption, learning spillovers, and the optimal duration of patent-based monopolies

Article Abstract:

An analysis of patent value for business monopolies is presented. The analysis considers patent-based monopolies whose production franchise for inventions may generate second-best welfare optimum results under conditions of absent prospects for future inventions. Results show that patents exhibit welfare-improving powers which are conditioned by learning spillovers in the production process.

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Technology transfer with moral hazard

Article Abstract:

Research is presented concerning the influence of a moral hazard problem on an incomplete contract model of a relationship involving licensing. The royalty rate and the parameters of operation are discussed.

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