Discouraging opportunistic behavior in collaborative R & D: A new role for government

The traditional role attributed to government in collaborative R & D has been one of funding. This paper explores a new role for government in facilitating collaborative R & D, one of discouraging opportunistic behavior. Given the nature of R & D, concerns about opportunistic behavior can serve as a major barrier to the formation and effective operation of collaborative R & D. Using a transaction cost framework, we identify mechanisms by which...