The Structure and Performance of U.S. Research Joint Ventures: Inferences and Implications from the Advanced Technology Program

57 Pages Posted: 28 Aug 2017 Last revised: 27 Jun 2021

See all articles by Albert Link

Albert Link

University of North Carolina (UNC) at Greensboro - Department of Economics

James Adams

Rensselaer Polytechnic Institute (RPI)

Date Written: August 2017

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

Link, Albert N. and Adams, James, The Structure and Performance of U.S. Research Joint Ventures: Inferences and Implications from the Advanced Technology Program (August 2017). NBER Working Paper No. w23734, Available at SSRN: https://ssrn.com/abstract=3027838

Albert N. Link

University of North Carolina (UNC) at Greensboro - Department of Economics ( email )

Greensboro, NC 27402-6165
United States
336-334-5146 (Phone)
336-334-4089 (Fax)

James Adams (Contact Author)

Rensselaer Polytechnic Institute (RPI) ( email )

Troy, NY 12180
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
7
Abstract Views
209
PlumX Metrics