Incentive Issues In R&D Consortia: Insights From Applied Game Theory
Abstract"This article sketches how insights from applied game theory can be applied to Research and Development (R&D) consortia using a case study on an international plant breeding consortium. The insights jointly comprise a new "logic of collective action in R&D," which is inspired by Olson's Logic of Collective Action but goes beyond it. We analyze R&D consortia as institutions that respond to a variety of incentive problems which are obstacles to realizing the benefits of cooperation that arise due to the public goods nature of outputs, complementarities of inputs, and economies of scale and scope. Additionally, we sketch a "big-picture" consortium game, which abstracts from specific incentive issues. "("JEL "B41, D02, H41, O31, O32) Copyright (c) 2008 Western Economic Association International.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Western Economic Association International in its journal Contemporary Economic Policy.
Volume (Year): 26 (2008)
Issue (Month): 4 (October)
Contact details of provider:
Postal: 18830 Brookhurst Street, Suite 304, Fountain Valley, CA 92708 USA
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1074-3529
More information through EDIRC
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hermalin, Benjamin E, 1998.
"Toward an Economic Theory of Leadership: Leading by Example,"
American Economic Review, American Economic Association,
American Economic Association, vol. 88(5), pages 1188-1206, December.
- Benjamin E. Hermalin, 1997. "Toward an Economic Theory of Leadership: Leading by Example," Microeconomics, EconWPA 9612002, EconWPA.
- Ben Hermalin, 1996. "Toward an Economic Theory of Leadership: Leading by Example," Working Papers, University of California at Berkeley, Haas School of Business _006, University of California at Berkeley, Haas School of Business.
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press,
University of Chicago Press, vol. 94(4), pages 691-719, August.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers, C.E.P.R. Discussion Papers 70, C.E.P.R. Discussion Papers.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2003.
"Optimal allocation of ownership rights in dynamic R&D alliances,"
Games and Economic Behavior, Elsevier,
Elsevier, vol. 43(1), pages 153-173, April.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2001. "Optimal Allocation of Ownership Rights in Dynamic R&D Alliances," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2698, C.E.P.R. Discussion Papers.
- Borm, P.E.M. & De Waegenaere, A.M.B. & Rafels, C. & Suijs, J.P.M. & Tijs, S.H. & Timmer, J.B., 1999.
"Cooperation in Capital Deposits,"
Discussion Paper, Tilburg University, Center for Economic Research
1999-31, Tilburg University, Center for Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.