The information value of R&D alliances: The preference for local or distant ties
用贝叶斯学习模型分析企业研发联盟中本地与远距离联盟的战略意义，揭示技术不确定性、信息冗余和信息准确性如何共同影响联盟形成。
Using a Bayesian learning model, the authors provide a formal understanding of the strategic implications of a firm’s R&D alliance activity through its local or distant ties. A major advantage of the model is that it facilitates an explicit analysis of the factors that determine a firm’s potential to learn from its R&D alliances. The article’s theoretical approach shows how technological uncertainty, information redundancy and heterogeneity of information accuracy jointly affect the formation of inter-firm alliance ties.