Falck, Oliver; Heblich, Stephan - Wirtschaftswissenschaftliche Fakultät, … - 2008
incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities … spawned from incumbents are not necessarily a threat; they can complement incumbents' production by commercializing knowledge … for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of …