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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

Information and intellectual property: The global challenges

Aiyer Ghosh, Rishab; Soete, Luc - United Nations University-Maastricht Economic Research … - 2006

has changed the essential nature of innovation - driven by widespread access to the ability to replicate and improve … - remains the same. Hence a focus on endogenous innovation policy is as relevant today as it was 50 years ago. …

Persistent link: https://www.econbiz.de/10010856327

The Financing of R&D and Innovation

Hall, Bronwyn H.; Lerner, Josh - United Nations University-Maastricht Economic Research … - 2010

Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …

Persistent link: https://www.econbiz.de/10010856381

Venture Capital, Patenting, and Usefulness of Innovations

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011

We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...

Persistent link: https://www.econbiz.de/10009643508

Are Intellectual Property Rights Unfair?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2003

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

Persistent link: https://www.econbiz.de/10005791837

Entrepreneurs and New Ideas

Biais, Bruno; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2003

Innovative ideas are novel combinations of productive resources potentially addressing an economic need (Schumpeter, 1926). Even promising ideas can be unprofitable if the proposed combination fails on at least one dimension, e.g., it is technically unfeasible or does not respond to a genuine...

Persistent link: https://www.econbiz.de/10005792312

Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …

Persistent link: https://www.econbiz.de/10005497714

Technology in Growth

Keely, Louise; Quah, Danny - C.E.P.R. Discussion Papers - 1998

We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more...

Persistent link: https://www.econbiz.de/10005497933

Trade Secret Laws, Labour Mobility and Innovations

Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 2002

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

Persistent link: https://www.econbiz.de/10005504700

Breaking the Fence: Patent Rights and Biomedical Innovation in 'Technology Followers'

Gehl Sampath, Padmashree - United Nations University-Maastricht Economic Research … - 2006

The impact of patent protection on biomedical innovation has been a controversial issue. Although a "medical anti … difficult to predict the impact of patenting on biomedical innovation in developing and least developed countries. This paper … develops a framework of analysis for the impact of patent rights on biomedical innovation in "technology follower" developing …

Persistent link: https://www.econbiz.de/10010712264