information for the innovation process of the firm. Appropriability is defined as the effectiveness of several protection …

Successful innovation depends on the development and integration of new knowledge in the innovation process. In order … to innovate successfully, the firm will combine different innovation activities. In addition to doing own research and … innovation activities. Using data from the Community Innovation Survey on Belgian manufacturing firms, we show that firms that …

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

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

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 …

In this Paper we carefully link knowledge flows to and from a firm’s innovation process with this firm’s investment … results indicate that firms with small budgets for innovation will not invest in basic research. This occurs in the short run …