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Garfagnini, Umberto; Strulovici, Bruno - 2010

We analyze social learning and innovation in an overlapping generations model in which available technologies have … path of a Brownian motion with drift. Marginal innovation consists in choosing a technology within the convex hull of … policies already explored and entails no direct cost. Radical innovation consists in experimenting beyond the frontier of that …

Persistent link: https://www.econbiz.de/10010282918

Social learning and innovation cycles

Garfagnini, Umberto; Strulovici, Bruno - 2012

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … innovation (combining existing technologies) and radical innovation (breaking new ground). We characterize both short-term and … long-term dynamics of innovation, and the intergenerational accumulation of knowledge. Innovation cycles emerge …

Persistent link: https://www.econbiz.de/10010282931

What Inspires Leisure Time Invention?

Davis, Lee N.; Davis, Jerome; Hoisl, Karin - 2009

This paper seeks to understand the intriguing but only sparsely explored phenomenon of “leisure time invention,” where the main underlying idea for the new product or process occurs when the inventor is away from the workplace. We add to previous research by focussing on the inventive...

Persistent link: https://www.econbiz.de/10010427769

Does Mobility Increase the Productivity of Inventors?

Hoisl, Karin - 2007

Although labor mobility has been recognized as a key mechanism for transferring tacit knowledge, prior research on inventors has so far hardly discussed the impact of a move on inventive performance. Additionally, existing research has neglected the differences in gains from a move between high...

Persistent link: https://www.econbiz.de/10010427729

Institutionalized Incentives for Ingenuity – Patent Value and the German Employees’ Inventions Act

Harhoff, Dietmar; Hoisl, Karin - 2006

Germany is one of few countries in which the monetary compensation for inventors is not only determined by negotiations between employer and employee-inventor, but also by relatively precise legal provisions. In this paper, we describe the characteristics of the German Employees’ Inventions...

Persistent link: https://www.econbiz.de/10010427736

Tracing Mobile Inventors – The Causality between Inventor Mobility and Inventor Productivity

Hoisl, Karin - 2006

This paper analyzes the causality between inventor productivity and inventor mobility. The results show that the level of education has no influence on inventor productivity. Making use of external sources of knowledge, on the contrary, has a significant effect on productivity. Finally, firm...

Persistent link: https://www.econbiz.de/10010427737

Filling the Gap: The Consequences of Collaborator Loss in Corporate R&D

Poege, Felix; Gaessler, Fabian; Hoisl, Karin; Harhoff, … - 2022

We examine how collaborator loss affects knowledge workers in corporate R&D. We argue that such a loss affects the remaining collaborators not only by reducing their team-speciﬁc capital (as argued in the prior literature) but also by increasing their bargaining power over the employer, who is...

Persistent link: https://www.econbiz.de/10014467821

Everything you Always Wanted to Know About Inventors (But Never Asked): Evidence from the PatVal-EU Survey

Harhoff, Dietmar; Hoisl, Karin - 2006

Based on a survey of the inventors of 9,017 European patented inventions, this paper provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and...

Persistent link: https://www.econbiz.de/10010427735

To Be Financed or Not … - The Role of Patents for Venture Capital Financing

Haeussler, Carolin; Harhoff, Dietmar; Müller, Elisabeth - 2009

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...

Persistent link: https://www.econbiz.de/10010427765

Bargaining failure and freedom to operate: Re-evaluating the effect of patents on cumulative innovation

Gaessler, Fabian; Harhoff, Dietmar; Sorg, Stefan - 2019

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the …

Persistent link: https://www.econbiz.de/10012290351