In this article, we examine why it is difficult to induce firms to form Research Joint Ventures (RJVs). We examine various incentives and disincentives for RJV formation by estimating an endogeneous switching model using data from the US National Cooperative Research Act. The empirical findings support hypotheses that firms of different sizes have disincentives to form RJVs and that cost-sharing is an important incentive for RJV participation. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.
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Volume (Year): 117 (2007) Issue (Month): 522 (07) Pages: 1122-1144 Download reference. The following formats are available: HTML
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Tomaso Duso & Enrico Pennings & Jo Seldeslachts, 2007.
"The Dynamics of Research Joint Ventures: A Panel Data Analysis,"
Discussion Papers
221, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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