Abstract
Policy makers seek to identify an institutional framework that facilitates the commercialization of publicly funded R&D, while simultaneously addressing innovation market failure. In the space industry, the formation of such a framework is complicated by national security considerations and the fact that numerous sovereign nations are often included in the commercialization process. This paper analyses how multi-public partnerships with industry can promote commercially viable space programs, resolve market failures, and address transatlantic security concerns. The benefits and policy implications of the formation of such transatlantic multi-public-private partnerships (TMP3) are illustrated based on a case study of the design of a major European public-private project in the space industry: the Galileo space-based navigation system.
Original language | English (US) |
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Pages (from-to) | 1630-1642 |
Number of pages | 13 |
Journal | Research Policy |
Volume | 37 |
Issue number | 9 |
DOIs | |
State | Published - Oct 2008 |
Externally published | Yes |
Keywords
- Galileo
- Public-private partnerships
- Security
- Technology
- Transatlantic
ASJC Scopus subject areas
- Strategy and Management
- Management Science and Operations Research
- Management of Technology and Innovation