Structuring Public–Private Research Partnerships for Success

Structuring Public–Private Research Partnerships for Success

Empowering University Partners

Gordon Rausser, Holly Amedon and Reid Stevens

As funding for universities and governmental research units has declined, these institutions have turned to the private sector to augment their research and development budgets. This book presents a framework for structuring public-private research partnerships that protect both these institutions’ academic freedom and the private firm’s corporate interests. This formulation is developed using insights originating from the incomplete contracting and collective decision making literatures. The book presents a number of template designs for a variety of research partnerships.

Chapter 2: The scientific research process

Gordon Rausser, Holly Amedon and Reid Stevens

Subjects: economics and finance, financial economics and regulation, public finance, public sector economics, politics and public policy, public policy

Abstract

We evaluate two competing paradigms for modeling the scientific research process: the linear decomposition paradigm and the non-linear, chaotic, feedback research paradigm. The assessment of research paradigms is not simply an academic exercise, as each paradigm has important implications for universities contemplating public–private research partnerships. The two alternative paradigms have direct implications for whether public or private goods emerge from the research and development process.

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