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Leveraging Resistance to Change and the Skunk Works Model of Innovation

Fosfuri, Andrea; Rønde, Thomas - Centre for Industrial Economics (CIE), Økonomisk Institut - 2005

We study a situation in which an R&D department promotes the introduction of an innovation that results in costly re … implementing the so-called skunk works model of innovation where the R&D department is isolated from the rest of the organization …

Persistent link: https://www.econbiz.de/10005749386

Resting on Laurels: A Theory of Inertia in Organizations.

Ruckes, Martin; Rønde, Thomas - Centre for Industrial Economics (CIE), Økonomisk Institut - 2003

We present a model where the employees of a firm have to search for profitable business projects in a changing environment. Employees who have found a successful project in the past period are shown to be reluctant to search for new and better projects leading to corporate inertia. This reduces...

Persistent link: https://www.econbiz.de/10005749389

Trade Secret Laws, Labour Mobility and Innovations

Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 2002

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

Persistent link: https://www.econbiz.de/10005504700

And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

Persistent link: https://www.econbiz.de/10008784763

High-Tech Clusters, Technology Spillovers and Trade Secret Laws

Fosfuri, Andrea; Rønde, Thomas - C.E.P.R. Discussion Papers - 2003

simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It … to develop an innovation is neither very high nor very low. Trade secret protection based on punitive damages is, except …

Persistent link: https://www.econbiz.de/10005666513

Labour Pooling in R&D Intensive Industries

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2005

more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is …

Persistent link: https://www.econbiz.de/10005067450

Market and Technical Risk in R&D

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We endogenize the market risk (at given technical risk) in firms’ R&D decisions by introducing stochastic R&D in the Hotelling model. It is shown that if the technical risk is sufficiently high, the market risk remains low even if firms pursue similar projects. This leads firms to focus on the...

Persistent link: https://www.econbiz.de/10005504272

High-tech clusters, technology spillovers, and trade secret laws.

Fosfuri, Andrea; Rønde, Thomas - Centre for Industrial Economics (CIE), Økonomisk Institut - 2003

simple model of cumulative innovation is presented where technology spillovers arise endogenously through labor mobility. It … to develop an innovation is neither very high nor very low. Trade secret protection based on punitive damages is, except …

Persistent link: https://www.econbiz.de/10005749384

Project Choice and Risk in R&D

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - Centre for Industrial Economics (CIE), Økonomisk Institut - 2004

We introduce stochastic R&D in the Hotelling model and show that if the technical risk is sufficiently high, all firms focus on the most valuable market segment. We then endogenize technical risk by allowing firms to choose between a safe and a risky R&D technology. In equilibrium, firms either...

Persistent link: https://www.econbiz.de/10005749410

Labor Pooling in R&D Intensive Industries

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - Centre for Industrial Economics (CIE), Økonomisk Institut - 2005

more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is …

Persistent link: https://www.econbiz.de/10005749457