The commercial value of basic knowledge depends on the arrival of follow-up developments mostly from outside the boundaries of the inventing firm. Private returns would depend on the extent the inventing firm internalizes these follow-up developments. Such internalization is less likely to occur...

It is shown that spillovers can enhance private returns to innovation if they feed back into the dynamic research of the original inventor (Internalized spillovers), but will always reduce private returns, if the original inventor does not benefit from the advancements other inventors build into...

Increasingly, development projects list social capital development and network brokerage among their objectives.  How do we quantitatively evaluate such initiatives?  Best practice, diff-in-diff methods may be impossible or too costly.  Here, we try using data that are byproducts of the...