Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 2009
that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market … destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …