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Public Contracting for Private Innovation: Government Expertise, Decision Rights, and Performance Outcomes / Joshua R. Bruce, John M. de Figueiredo, Brian S. Silverman.
- Format:
- Book
- Author/Creator:
- Bruce, Joshua R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24724.
- NBER working paper series no. w24724
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Public Contracting for Private Innovation
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- We examine how the U.S. Federal Government governs R&D contracts with private-sector firms. The government chooses between two contractual forms: grants and cooperative agreements. The latter provides the government substantially greater discretion over, and monitoring of, project progress. Using novel data on R&D contracts and on the geo-location and technical expertise of each government scientist over a 12-year period, we test implications from the organizational economics and contracting literatures. We find that cooperative agreements are more likely to be used for early-stage projects and those for which local government scientific personnel have relevant technical expertise; in turn, cooperative agreements yield greater innovative output as measured by patents, controlling for endogeneity of contract form. The results are consistent with multi-task agency and transaction-cost approaches that emphasize decision rights and monitoring.
- Notes:
- Print version record
- June 2018.
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