This study creatively investigates the strategic and substantive innovation transformation of basic research results from the perspective of intellectual property protection. Using Chinese provincial panel data from 2001 to 2018, the relevant empirical research findings are threefold. First,...

This paper studies the endogenous timing of moves in a game with competition in basic research between a university and a commercial firm. It examines the conditions under which the two entities end up investing in innovation at equilibrium, both under simultaneous and sequential moves. It...

Concern that the selection of research projects by peer review disfavors risky science has called attention to ways to incorporate risk into the evaluation of research proposals. This discussion often occurs in the absence of well-defined and developed concepts of what risk and uncertainty mean...