Technology, security, and policy implications of future transatlantic partnerships in space: Lessons from Galileo |
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Authors: | Vasilis Zervos Donald S Siegel |
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Institution: | a International Space University (ISU), Strasbourg Main Campus, France b Industrial Economics Division, Nottingham University Business School, United Kingdom c Donald S. Siegel, Dean and Professor School of Business, University at Albany, SUNY, United States |
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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. |
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Keywords: | H54 O32 O33 O38 |
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