Optimal allocation of ownership rights in dynamic R\&D alliances. (Q1399530)

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Optimal allocation of ownership rights in dynamic R\&D alliances.
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    Optimal allocation of ownership rights in dynamic R\&D alliances. (English)
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    30 July 2003
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    The authors consider the dynamic evaluation of property rights regimes in R\&D alliances between two parties that both decide whether to disclose their know-how and invest effort. Different scenarios that show how the allocation of control rights may change over time due to a trade-off between including know-how disclosure and ensuring maximum effort are characterized.
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    property rights
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    partnerships
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    incomplete contracts
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