Showing 1 - 10 of 30
This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....
Persistent link: https://www.econbiz.de/10011114166
innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …
Persistent link: https://www.econbiz.de/10005789146
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010956728
This study shows for a large sample of R&D-active manufacturing firms over the period 2000-2009 that knowledge alliances have a positive effect on patenting in terms of both quantity and quality. However, when distinguishing between alliances that aim at joint creation of new knowledge and...
Persistent link: https://www.econbiz.de/10010956757
Domestic Innovation (GDI) to quantify innovations in OECD countries. It will supplement universal measures such as the Gross …
Persistent link: https://www.econbiz.de/10005621804
dispensing equipment, the immediate predecessor to the ATM. At the simplest level, at least four separate instance of innovation … than an understanding of the process of innovation itself and how these competing families developed into the modern … conception of an ATM. Our research supports the view of user-driven innovation as surviving business records and oral histories …
Persistent link: https://www.econbiz.de/10005789966
-focused patents are the socially efficient way to reward innovation, and also show when very short-lived but very broad patents are …
Persistent link: https://www.econbiz.de/10005656411
This paper examines the direction of causality between Venture Capital (VC) and innovation (proxied by patents) in … suggesting that, in Europe, innovation seems to create a demand for VC and not VC a supply of innovation. In this sense …
Persistent link: https://www.econbiz.de/10009647272
In the 1990s, patenting schemes changed in many respects: upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the ‘patent thicket’ arose as a consequence of strategic...
Persistent link: https://www.econbiz.de/10005835212
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954