Strategic spillovers and incentives for research and development

Article Abstract:

A model in which a monopolist supplier can contribute to downstream product improvements through strategic spillovers which function as substitute for R&D efforts is proposed. The supplier may appropriate an indirect return on R&D because enough high levels of spillover information lead to greater downstream product quality or because spillover information reduces the equilibrium sunk cost of R&D for downstream firms. Both events lead to an expansion of downstream output and enhance the demand for the supplier's intermediate good. The locus of R&D partially shifts from the downstream to the upstream industry in the presence of strong incentives for supplier R&D. Further studies are recommended, especially on the welfare effects of strategic supplier behavior.

Analysis, Technological innovations

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Sharing risk in R & D: the case of the Protein Engineering Club

Article Abstract:

A collaborative biotechnology research project between ICI, Glaxo, Celltech, J & E Sturge, the Science and Engineering Research Council, and universities is analyzed as a case study in joint venture management. Collaborative research projects allow companies to minimize the risk, expense, and time involved in developing new products. However, sensitive management is required if collaborative research projects are to succeed.

Research, Case studies, Biotechnology industry, Biotechnology industries, Joint ventures, Imperial Chemical Industries PLC, Protein engineering, Glaxo Holdings PLC, United Kingdom. Science and Engineering Research Council, Celltech Ltd., J. and E. Sturge

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Has Germany finally fixed its high-tech problem?: the recent boom in Germany technology-based entrepreneurship

Article Abstract:

This article examines the rise in entrepreneurship in Germany's high technology industry since 1997, focusing on Germany's role as Europe's technology leader. The article traces the history and evolution of Germany's science and technology policies.

Germany, Economic Views, Statistical Data Included, High technology industry, Economic policy, Science and technology policy, Entrepreneurship

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