Abstract
Research partnerships, meaning formal or informal collaboration among firms in the conduct of research, are an organizational form that may overcome elements of market failure by reducing technical risk to the R&D-conducting firms by enlarging the underlying knowledge base. Research partnerships may also limit market risk by helping to ensure that particular elements of the technology are standardized and thus interoperate in a system. As well, to the extent that collaboration reduces redundant research, there may be cost savings to each partner and reduced time to market.
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© 2002 Springer Science+Business Media New York
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Feldman, M.P., Link, A.N., Siegel, D.S. (2002). Research Collaborations. In: The Economics of Science and Technology. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0981-3_9
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DOI: https://doi.org/10.1007/978-1-4615-0981-3_9
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5335-5
Online ISBN: 978-1-4615-0981-3
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