We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

plagued by low pay-off in relation to very high investments in R&D and innovation efforts. Using new data, we show that this … related to the Swedish paradox. We take account of the history of innovation policy in Sweden and – on the basis of the …

plagued by low pay-off in relation to very high investments in R&D and innovation efforts. Using new data, we show that this … related to the Swedish paradox. We take account of the history of innovation policy in Sweden and – on the basis of the …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …