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Commercializing public technology through cooperative R&D

Author

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  • Ciccotello, Conrad S.
  • Fu, Richard
  • Subramanian, Ajay

Abstract

We analyze 582 R&D agreements between Air Force agencies and outside partners. Agenices choose partners and contractual terms consistent with predictions from a rational model, which suggests that they could be incentive efficient from an ex ante perspective.

Suggested Citation

  • Ciccotello, Conrad S. & Fu, Richard & Subramanian, Ajay, 2010. "Commercializing public technology through cooperative R&D," Economics Letters, Elsevier, vol. 108(2), pages 113-115, August.
  • Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:113-115
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    References listed on IDEAS

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    1. David, Paul A. & Hall, Bronwyn H. & Toole, Andrew A., 2000. "Is public R&D a complement or substitute for private R&D? A review of the econometric evidence," Research Policy, Elsevier, vol. 29(4-5), pages 497-529, April.
    2. Lerner, Josh, 1999. "The Government as Venture Capitalist: The Long-Run Impact of the SBIR Program," The Journal of Business, University of Chicago Press, vol. 72(3), pages 285-318, July.
    3. Josh Lerner, 2002. "When Bureaucrats Meet Entrepreneurs: The Design of Effective "Public Venture Capital" Programmes," Economic Journal, Royal Economic Society, vol. 112(477), pages 73-84, February.
    4. Ham, Rose Marie & Mowery, David C., 1998. "Improving the effectiveness of public-private R&D collaboration: case studies at a US weapons laboratory," Research Policy, Elsevier, vol. 26(6), pages 661-675, February.
    5. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
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