A comparison of milestone-based and buyout options contracts for coordinating R&D partnerships
We analyze optimal contractual arrangements in a bilateral research and development (R&D) partnership between a risk-averse provider that conducts early-stage research followed by a regulatory verification stage and a risk-neutral client that performs late-stage development activities, including...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5104 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6103/viewcontent/mnsc_2E2013_2E1874__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |