|Appears in Collections:||Accounting and Finance Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The Design of Vertical R&D Collaborations (Forthcoming/Available Online)|
|Citation:||Herbst P & Walz U (2016) The Design of Vertical R&D Collaborations (Forthcoming/Available Online), Economica.|
|Abstract:||Suppliers play a major role in firms' innovation processes. We analyse ownership and technology choices in vertical R&D collaborations. Under non-contractible R&D outcomes, trade-offs arise between R&D specifically designed towards a manufacturer (increasing investment productivity) and a general technology (hold-up reduction). Stronger downstream competition shifts optimal ownership towards the supplier and favours contracting over ownership rather than specific performance contracts. Downstream ownership is combined with the specific technology if the supplier's expertise is more pronounced or the specific technology is more productive. Contracts incorporating exit clauses increase the gains from collaborations.|
|Rights:||This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is the peer reviewed version of the following article: Herbst, P. and Walz, U. (2016), The Design of Vertical R&D Collaborations. Economica. doi: 10.1111/ecca.12183, which will be published in final form at http://onlinelibrary.wiley.com/doi/10.1111/ecca.12183/abstract. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.|
|r_d_organization.pdf||264.58 kB||Adobe PDF||Under Embargo until 9/4/2019 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependant on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.