Should Cooperative R&D Be Subsidized?: An Empirical Analysis

摘要: A popular view in the industrial policy debate is that cooperation among firms’ R&D departments should be encouraged. This study presents first empirical test of effectiveness such subsidies using a database competitors 45 technological races. The results indicate require form result-sharing agreements increase likelihood significantly, but they decrease incentives to conduct R&D. Subsidy programs as EUREKA cooperation, do not agreements, cooperation. They do, however, somewhat, about same extent requiring