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The structure and performance of U.S. research joint ventures: inferences and implications from the Advanced Technology Program

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  • James D. Adams
  • Albert N. Link

Abstract

Research joint ventures (RJVs) are projects that combine the research resources of different firms. A sample of RJVs supported by the U.S. Advanced Technology Program shows that the projects yield revenues that are far less than costs. Related to this point, the RJVs are subject to commercialization delays, loss of intellectual property, and product market competition. Partner firms undertake joint research, but if they commercialize at all, they do so separately, to avoid splitting of revenues from new products. Ultimately, difficulties with the RJVs occur because frequently, firms are potential competitors.

Suggested Citation

  • James D. Adams & Albert N. Link, 2018. "The structure and performance of U.S. research joint ventures: inferences and implications from the Advanced Technology Program," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 27(5-6), pages 551-575, August.
    • Handle: RePEc:taf:ecinnt:v:27:y:2018:i:5-6:p:551-575
    DOI: 10.1080/10438599.2017.1376169
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    Cited by:

    1. James A. Cunningham & Paul O’Reilly, 2018. "Macro, meso and micro perspectives of technology transfer," The Journal of Technology Transfer, Springer, vol. 43(3), pages 545-557, June.
    2. Chuchu Chen & Albert N. Link & Zachary T. Oliver, 2018. "U.S. federal laboratories and their research partners: a quantitative case study," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(1), pages 501-517, April.

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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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