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Technology, security, and policy implications of future transatlantic partnerships in space: Lessons from Galileo

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  • Zervos, Vasilis
  • Siegel, Donald S.

Abstract

Policy makers seek to identify an institutional framework that facilitates the commercialization of publicly funded R&D, while simultaneously addressing innovation market failure. In the space industry, the formation of such a framework is complicated by national security considerations and the fact that numerous sovereign nations are often included in the commercialization process. This paper analyses how multi-public partnerships with industry can promote commercially viable space programs, resolve market failures, and address transatlantic security concerns. The benefits and policy implications of the formation of such transatlantic multi-public-private partnerships (TMP3) are illustrated based on a case study of the design of a major European public-private project in the space industry: the Galileo space-based navigation system.

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File URL: http://www.sciencedirect.com/science/article/B6V77-4T3TPT5-1/2/3b136f19bf4d12fbb7fb421a2fd1cf0a
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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 37 (2008)
Issue (Month): 9 (October)
Pages: 1630-1642

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Handle: RePEc:eee:respol:v:37:y:2008:i:9:p:1630-1642

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  1. Hagedoorn, John & Link, Albert N. & Vonortas, Nicholas S., 2000. "Research partnerships1," Research Policy, Elsevier, vol. 29(4-5), pages 567-586, April.
  2. Neven, Damien J & Röller, Lars-Hendrik & Waverman, Leonard, 1993. "The European Satellite Industry: Prospects for Liberalization," CEPR Discussion Papers 813, C.E.P.R. Discussion Papers.
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