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Creating and Capturing Value in Public-Private Ties: A Private Actor's Perspective
TL;DR: The authors identify the value creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes.
Abstract: Intersecting the boundaries of public and private economic activity, public-private ties carry important organizational strategy, management, and policy implications. We identify the value creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes. Two important restraints on private value capture--public partner opportunism and external stakeholder activism--arise asymmetrically under each form, carrying a critical effect on partnership outcomes.
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TL;DR: In this article, the authors employed a systematic procedure to review the literature on universities-industry collaboration (UIC) and identified five key aspects, which underpinned the theory of UIC.
Abstract: The collaboration between universities and the industry is increasingly perceived as a vehicle to enhance innovation through knowledge exchange. This is evident by a significant increase in studies that investigate the topic from different perspectives. However, this body of knowledge is still described as fragmented and lacks efficient comprehensive view. To address this gap, we employed a systematic procedure to review the literature on universities-industry collaboration (UIC). The review resulted in identifying five key aspects, which underpinned the theory of UIC. We integrate these key aspects into an overarching process framework, which together with the review, provide a substantial contribution by creating an integrated analysis of the state of literature concerning this phenomenon. Several research avenues are reported as distilled from the analysis.
495 citations
TL;DR: In this article, the authors argue that the time is ripe to rethink academic entrepreneurship and that more stakeholders have become involved in academic entrepreneurship, and that universities have become more strategic in their approach to this activity.
Abstract: Academic entrepreneurship, which refers to efforts undertaken by universities to promote commercialization on campus and in surrounding regions of the university, has changed dramatically in recent years. Two key consequences of this change are that more stakeholders have become involved in academic entrepreneurship and that universities have become more ‘strategic’ in their approach to this activity. The authors assert that the time is ripe to rethink academic entrepreneurship. Specifically, theoretical and empirical research on academic entrepreneurship needs to take account of these changes, so as to improve the rigour and relevance of future studies on this topic. We outline such a framework and provide examples of key research questions that need to be addressed to broaden understanding of academic entrepreneurship.
408 citations
TL;DR: This study analyzes over 1400 publications from a wide range of disciplines over a 20-year time period and synthesizes formerly dispersed research perspectives into a comprehensive multi-dimensional framework of public-private partnerships.
348 citations
01 Jun 1996
TL;DR: A review of the literature on Pareto-optimal allocation of public goods can be found in this paper, where the authors focus on the problem of finding the optimal level of provision of a public good without any explicit assumption concerning the distribution of private goods and hence of utility.
Abstract: The systematic tendency toward underprovision of a public good that seems to be implied by the model of Nash-Cournot equilibrium has encouraged extensive analysis of alternative allocative mechanisms and their evaluation against the yardstick provided by the set of Pareto-efficient allocations. The aim of this chapter, which is necessarily highly selective, is to review some of this large and varied literature. We begin with a closer look at the set of Pareto-efficient, or Paretooptimal, allocations. Pareto-optimal provision of public goods In the public goods economy, just as in its private goods counterpart, the optimality criterion typically identifies not one, but an infinite number of allocations – all the points on the utility possibilities frontier between R and S in Figure 7.1. Any discussion of “the optimum” must presuppose either a very special structure, so that there is, indeed, a single optimal level of Q associated with every allocation along the frontier RS , or else the introduction of some kind of social welfare function that enables us to rank optima and pick out the optimum optimorum. Economists have, however, often expressed and relied upon the hope that certain allocation decisions can be made without reference to distributional considerations. In the present context, this is reflected in many treatments that refer to the optimal level of provision of a public good without any explicit assumption concerning the distribution of private goods and hence of utility.
282 citations
TL;DR: In this paper, a holistic business model framework is developed, which is then used to analyse the empirical evidence from the creative industries, and three new themes for future research are highlighted.
262 citations
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11 May 2018
TL;DR: In this paper, the authors argue for the value of extending the resource-based theory and especially the theory of resource orchestration, its dynamic refinement, to answer the question how cities can achieve a sustainable competitive advantage.
Abstract: This study responds to the call on the management community to refocus on real-world problems amid the current trend towards increasing global urbanization. We argue for the value of extending the resource-based theory – and especially the theory of resource orchestration, its dynamic refinement – to answer the question how cities can achieve a sustainable competitive advantage. Mere resources are frequently insufficient to generate competitiveness in our increasingly demanding world; urban policy makers need capabilities to use resources efficiently while adapting to their changing environments. In arguing this, we develop a process framework of conscious dynamic capability building in the urban development context and identify the specific capabilities needed to govern resources in network structures.
3 citations
Posted Content•
TL;DR: In this article, the authors disentangle between three main determinants of contractual rigidity: traffic uncertainty, connivance between contracting parties, and quality of the institutional environment.
Abstract: Transport concession contracts are commonly said to be standardized and too rigid. They would not allow public authorities to adapt them to evolving context and circumstances. This paper aims at challenging this view and, more particularly, the view that contractual rigidity for transport concessions is exogenous. Using a transaction cost framework, we disentangle between three main determinants of contractual rigidity: traffic uncertainty; connivance between contracting parties; quality of the institutional environment. Using an original and unique database of mostly French toll road concession contracts, we observe a great variety of provisions for toll adjustment. While our results point out a positive impact of future traffic uncertainty on the propensity to resort to flexible contracts, they also highlight that higher trust between the contracting parties and more reliable institutional environments foster contractual flexibility. These results and the associated policy implications can be helpful in implementing the conditions under which the public and private partners are able to cope with the intrinsic incompleteness of these contracts.
3 citations
02 Jun 2021
TL;DR: In this article, the rationale for organization of the production of medical devices differs from that of most other products and the trade-offs between the benefits of global integration and the imperatives of secured and speedy supply favor different production modes.
Abstract: Pandemics change the dynamics of value chains in fundamental ways, and particularly of those producing the medical devices needed to fight them. This paper shows that the rationale for organization of the production of these devices differs from that of most other products. Varying trade-offs between the benefits of global integration and the imperatives of secured and speedy supply favor different production modes. Value chains of different geographic scales – local, regional and global – are suitable for different medical devices. A model developed based on these variations could assist policymakers in designing differentiated policies towards different medical devices. As well, the model provides insights that could aid supply chain managers and academics rethinking the determinants of supply chain structures across industries.
2 citations
01 May 2021
TL;DR: In this article, a conceptual framework for a decision-making model to select the PPP structure model for urban rail transit is developed, which provides exact direction on the project implementation, commonly established in a long-term contract period.
Abstract: PPP scheme has been widely recognized as a cooperation between government and private sector to provide public service, both in developed and developing countries. In contrast with developed countries, PPP implementation faces several challenges in developing countries. Private sectors in developing countries tend to deliver an unsolicited PPP project; however, it is difficult for the government to define the appropriate PPP structure for a specific project due to lack of knowledge and experience. This paper focuses on developing a conceptual framework for a decision-making model to select the PPP structure model for urban rail transit. A clearly defined PPP structure at the early stages allows both parties' allocation of responsibility and risk. It provides exact direction on the PPP project implementation, commonly established in a long-term contract period. It is expected that the multi-criteria decision-making tools by using the AHP approach may contribute as a guideline to support decision-makers in selecting the appropriate PPP structure for urban rail transit, particularly on unsolicited PPP proposal.
2 citations
17 Oct 2018
TL;DR: In this article, the authors elaborate on data-based business models, the organizational field that has emerged around data governance issues, and the institutions that have formed around it at different stages, by various actors.
Abstract: Access to personal data is key to many of the most successful recent business models. These models rely on individuals outside of traditional organizational boundaries as their product, content providers, and customers. The topic of organizational boundaries is central to organizational research, and these models raise questions about the permeability of these new forms’ boundaries. Herein I elaborate on data-based business models, the organizational field that has emerged around data governance issues, and the institutions that have formed around it at different stages, by various actors. I also explore the interplay of institutional field and organizational boundaries, to identify how field-level issues influence the permeability of organizational boundaries.
2 citations