The performance of research joint ventures in boosting R&D activities in the presence of knowledge spillovers

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Murto, Pauli Saarinen, Matilda 2018-05-08T07:29:27Z 2018-05-08T07:29:27Z 2017
dc.description.abstract Firms conduct R&D continuously to develop new products and increase efficiency through cost-reductions. Due to knowledge spillovers, the private firms are not incentivized to conduct enough research from the social standpoint. There exist three main types of public policies to incentivize R&D: taxes and subsidies, intellectual property rights and R&D cooperation. This thesis a literature review that applies the famous d’Aspremont-Jacquemin –model and related economic studies to show that R&D cooperation in research joint ventures helps to not only increase the incentives to research by internalizing the spillover externalities but also eliminate excessive duplication in research, increase efficient knowledge sharing, pool risks and maintain continuity in building up the national competitiveness. Other R&D policies may fix the biased incentives but fail to bring about these additional benefits. Even though R&D cooperation is proven to be a beneficial public policy both in theory and with successful real-life ventures, potential threats exists and special scrutinizing must be conducted to prevent collusion and increased monopoly power in the product market. en
dc.format.extent 23
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title The performance of research joint ventures in boosting R&D activities in the presence of knowledge spillovers en
dc.type G1 Kandidaatintyö fi Kauppakorkeakoulu fi School of Business en
dc.contributor.department Taloustieteen laitos fi
dc.subject.keyword research joint ventures en
dc.subject.keyword knowledge spillovers en
dc.subject.keyword R&D cooperation en
dc.subject.keyword R&D policies en
dc.identifier.urn URN:NBN:fi:aalto-201805082122
dc.type.ontasot Bachelor's thesis en
dc.type.ontasot Kandidaatintyö fi
dc.programme Taloustiede fi

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