Technology, security, and policy implications of future transatlantic partnerships in space: Lessons from Galileo
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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- 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.
- Donald S Siegel & Vasilis Zervos, 2002. "Strategic research partnerships and economic performance: Empirical issues," Science and Public Policy, Oxford University Press, vol. 29(5), pages 331-343, October.
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