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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011

We develop a theory of innovation for entry and sale 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. Preemptive acquisitions by incumbents are shown to stimulate the...

Persistent link: https://www.econbiz.de/10008865973

Rational parasites

Benoit, Jean-Pierre; Galbiati, Roberto; Henry, Emeric - C.E.P.R. Discussion Papers - 2013

show that investment can take place even without patent protection, as parasites limit their imitation to preserve the …

Persistent link: https://www.econbiz.de/10011083356

The Weightless Economy in Economic Development

Quah, Danny - C.E.P.R. Discussion Papers - 1999

Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...

Persistent link: https://www.econbiz.de/10005791375

Everything You Always Wanted to Know about Inventors (But Never Asked): Evidence from the PatVal-EU Survey

Brusoni, Stefano; Crespi, Gustavo; Francoz, Dominique; … - C.E.P.R. Discussion Papers - 2006

Based on a survey of the inventors of 9,017 European patented inventions, this paper provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and...

Persistent link: https://www.econbiz.de/10005124480

Venture Capital and Industrial ''Innovation''

Hirukawa, Masayuki; Ueda, Masako - C.E.P.R. Discussion Papers - 2008

impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this … measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … and material. Therefore, our finding suggests that, at industry level, VC investment increases the patent propensity but …

Persistent link: https://www.econbiz.de/10005136420

Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Looses From It?

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2002

This Paper proposes a two-region model of endogenous growth, which is a natural combination of a core-periphery model a la Krugman and of a model of endogenous growth a la Grossman/Helpman/Romer. Specifically, we add to the core-periphery model an R&D sector that uses skilled labour to create...

Persistent link: https://www.econbiz.de/10005662000