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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10010320309
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The Inventor’s Role : Was Schumpeter Right?
Braunerhjelm, Pontus - 2020
stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require … different skills. This paper tests whether the invention and innovation stages should be undertaken by different agents. We also … show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation process …
Persistent link: https://www.econbiz.de/10012825157