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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10005025461
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004
The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...
Persistent link: https://www.econbiz.de/10005645429
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Measuring and Modeling Innovative New Entry in Swedish Industry
Granstrand, Ove - Institutet för Näringslivsforskning (IFN) - 1985
No abstract.
Persistent link: https://www.econbiz.de/10010684521
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The Dynamics of Supply and Economic Growth: How Industrial Knowledge Accumulation Drives a Path Dependent Economic Process
Eliasson, Gunnar - Institutet för Näringslivsforskning (IFN) - 1987
No abstract.
Persistent link: https://www.econbiz.de/10010684531
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Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough
Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012
. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model. …
Persistent link: https://www.econbiz.de/10010818447
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 2009
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions 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. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10004964394
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Firm Growth, Institutions and Structural Transformation
Henrekson, Magnus; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2010
This essay argues that the economic contribution of certain firms – be they small, young or rapidly growing – has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated...
Persistent link: https://www.econbiz.de/10008520887
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Gazelles as Job Creators – A Survey and Interpretation of the Evidence
Henrekson, Magnus; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2008
It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms – so-called Gazelles – that...
Persistent link: https://www.econbiz.de/10005645364
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Paying to Remove Advertisements
Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2009
Media firms sometimes allow consumers to pay to remove advertisements from an advertisement-based product. We formally examine an ad-based monopolist's incentives to introduce this option. When deciding whether to introduce the option to pay, the monopolist compares the potential direct revenues...
Persistent link: https://www.econbiz.de/10005025456
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Industrial Targeting: Defensive or Offensive Strategies in a Neo-Schumpeterian Perspective
Eliasson, Gunnar - Institutet för Näringslivsforskning (IFN) - 1986
This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more or less unbounded, commercial opportunities. Predictability of outcomes at the micro level is...
Persistent link: https://www.econbiz.de/10011019044