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Incomplete Contracting in a research Joint Venture: The Micronas Case

Author

Listed:
  • Takalo, T.
  • Kultti, K.

Abstract

In 1980 three Finnish companies established a research joint venture as a separate firm in order to develop semiconductors. This enterprise terminated in 1992 when the firm was sold. We study the RJV from the point of view of incomplete contacts, focusing on hold-up problems. Of particular interest is the contact governing the initial transfer of technology from foreign sources.

Suggested Citation

  • Takalo, T. & Kultti, K., 1998. "Incomplete Contracting in a research Joint Venture: The Micronas Case," University of Helsinki, Department of Economics 440, Department of Economics.
  • Handle: RePEc:fth:helsec:440
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    More about this item

    Keywords

    CONTRACTS ; PATENTS ; RESEARCH AND DEVELOPMENT;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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