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Why do firms outsource research and development (R&D) for some products while conducting R&D in-house for similar ones? An innovating firm risks cannibalizing its existing products. The more profitable these products, the more the firm wants to limit cannibalization. We apply this logic to the...
Persistent link: https://www.econbiz.de/10012482597
of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …
Persistent link: https://www.econbiz.de/10012480704
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940
At least since Arrow (1962), the effects of appropriability on invention have been well studied, but there has been little analysis of the effect of appropriability on the commercialization of existing inventions. Exploiting a database of 805 attempts by private firms to commercialize inventions...
Persistent link: https://www.econbiz.de/10012468963
This paper documents the increasing importance of software for successful innovation in manufacturing sectors well …
Persistent link: https://www.econbiz.de/10012456919
This paper examines the impact of government assistance through R&D grants on innovation output for firms in New … the world while its effects on process innovation and any product innovation are relatively much weaker. Moreover, there …
Persistent link: https://www.econbiz.de/10012457189
We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...
Persistent link: https://www.econbiz.de/10014322847
Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder … innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete … agreements (NCAs). We examine how the legal enforceability of NCAs affects innovation, as measured by patenting, using data on …
Persistent link: https://www.econbiz.de/10014322874
When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? Our estimates suggest they do, quite significantly in fact, by approximately 202%...
Persistent link: https://www.econbiz.de/10012462781
locations. In 12 of these areas, innovation is particularly concentrated in a single, large firm; we refer to such locations as …
Persistent link: https://www.econbiz.de/10012463212