Publisher's Synopsis
The author investigates the foundations of the increased attention to inter-firm collaboration in R&D in developed market economies. The analysis confirms the ability of multi-party cooperatives for generic research to promote competition in various market and technology settings akin to R&D-Intensive, but somewhat mature, industries. In numerous operating environments, cooperation can rectify insufficient incentives to invest in relatively inappropriate generic research. Moreover, joint ventures for precompetitive research frequently intensify incentives among their clientele to expand in-house development research and, thus, can be effective in inducing enhanced levels of production.
