Learning Capacity as Commitments and Its Roles in Joint R&D
As the base of bounded rationality, cognitive limits have profoundly affected the formation and evolution of joint R&D very differently from TCE and KBV perspectives respectively, that is, TCE focuses on the negative consequence of the mix of bounded rationality and self-interest of human being, but RBV thinks that cognitive limits of human being can be improved by learning and thus a participant can develop his learning capacity through (joint) R&D. We show in this paper that (1) the learning capacity developed in the past and developing in R&D can become a type of credible commitments; (2) these commitments can help. to safeguard against opportunism as those in TCE can do, and thus the overlap of two types of commitments exists; and (3) more importantly, the commitments in (1) can even help to solve the puzzling problem of value appropriation in joint R&D, but those in TCE can not. We conclude that the investments in (joint) R&D, either in the past or now, as a type of commitments, can facilitate the formation and evolution of joint R&D.
cognitive limits bounded rationality commitment learning capacity joint R&D
DONG Guang-mao LI Yuan LIAO Xiu-wu
School of Management,Xian Jiaotong University,and Dept.of Economics and Management,Xian Institute of Technology,Xian,Shangxi,China
国际会议
杭州
英文
607-610
2004-10-24（万方平台首次上网日期，不代表论文的发表时间）