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Business-Science Research Collaboration under Moral Hazard

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dc.creator Pereira, Isabel Maria Medalho
dc.date 2008-01-08T11:11:37Z
dc.date 2008-01-08T11:11:37Z
dc.date 2007-09-07
dc.date.accessioned 2017-01-31T00:59:39Z
dc.date.available 2017-01-31T00:59:39Z
dc.identifier http://hdl.handle.net/10261/2658
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/2658
dc.description I analyze, in the context of business and science research collaboration, how the characteristics of partnership agreements are the result of an optimal contract between partners. The final outcome depends on the structure governing the partnership, and on the informational problems towards the efforts involved. The positive effect that the effort of each party has on the success of the other party, makes collaboration a preferred solution. Divergence in research goals may, however, create conflicts between partners. This paper shows how two different structures of partnership governance (a centralized, and a decentralized ones) may optimally use the type of project to motivate the supply of non-contractible efforts. Decentralized structure, however, always choose a project closer to its own preferences. Incentives may also come from monetary transfers, either from partners sharing each other benefits, or from public funds (...) .
dc.description Financial support from Fundação para a Ciência e Tecnologia (Portugal), BEC2003-01132 (Spain), and Centre Tecnològic Forestal de Catalunya (Spain) are gratefully acknowledged.
dc.description Peer reviewed
dc.format 573374 bytes
dc.format application/pdf
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 721.07
dc.rights openAccess
dc.subject Collaboration
dc.subject Basic research
dc.subject Applied research
dc.subject Project
dc.subject Firms
dc.subject Universities
dc.subject Partnership governance
dc.title Business-Science Research Collaboration under Moral Hazard
dc.type Documento de trabajo


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