“…More generally, our empirical results find strong support for the role that economic incentives, bounded rationality, heterogeneity, and communication play in determining successful alliance outcomes, which will hopefully generate new interest and empirical inquiry concerning factors that relate to strategic alliance success. Indeed, the theoretical logic and empirical results presented here can be applied to a large number of strategic contexts including buyer-supplier arrangements, joint ventures, franchising, internal corporate ventures, networks, R&D consortia, technology transfer agreements, and intraorganizational teams (Lerner and Merges, 1998;Phene, Fladmoe-Lindquest, and Marsh, 2006;Roethaermel and Deeds, 2004;Reuer and Ragozzino, 2006;Santoro and McGill, 2005).…”