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We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an Open sale...
Persistent link: https://www.econbiz.de/10010745090
downstream development unit, a buyer of the interin innovation, arise from its ability to prevent the upstream research unit from … then value of her innovation is low. By constraining the financial flexibility of the upstream unit vis-a-vis her choice …
Persistent link: https://www.econbiz.de/10010745892
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an Open sale...
Persistent link: https://www.econbiz.de/10010746657
Innovation processes within corporations increasingly tap into international technology sources, yet little is known … about the relative contribution of different types of innovation channels. We investigate the effectiveness of different …
Persistent link: https://www.econbiz.de/10011071311