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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan - 2020

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

Persistent link: https://www.econbiz.de/10012826395

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 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/10010320309

The Inventor’s Role : Was Schumpeter Right?

Braunerhjelm, Pontus - 2020

stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require … different skills. This paper tests whether the invention and innovation stages should be undertaken by different agents. We also … show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation process …

Persistent link: https://www.econbiz.de/10012825157

The Importance of Tacit Knowledge : Dynamic Inventor Activity in the Commercialization Phase

Maurseth, Per Botolf - 2020

Inventors generally know more about their inventions than what is written down in patent applications. Because they possess this tacit knowledge, inventors may need to play an active role when patents are commercialized. We build on Arora (1995) and model firm-inventor cooperation in the...

Persistent link: https://www.econbiz.de/10012830530

Measuring Innovation Using Patent Data

Svensson, Roger - 2020

Firms and governments spend billions of dollars on R&D every year. To increase social welfare, the results of R&D must be commercialized so that consumers can benefit from improved products and lower prices. One measure of R&D output is patents; however, most patent databases contain no...

Persistent link: https://www.econbiz.de/10014095825

Verifying High Quality : Entry for Sale

Norbäck, Pehr-Johan - 2020

When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for entry. Inventors who sell post-entry use entry to credibly reveal information...

Persistent link: https://www.econbiz.de/10012830529

The Scientific Output of a Database on Commercialized Patents

Svensson, Roger - 2020

innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …

Persistent link: https://www.econbiz.de/10012825823

R&D in Swedish Multinational Corporations

Fors, Gunnar - 2020

Using unique data on Swedish multinational corporations (MNCs), this study investigates several dimensions relating to industrial R&D. The development in the latter part of the 1980s is emphasized. Between 1978 and 1990, R&D intensity of the Swedish MNCs almost doubled from about 2 to 4 percent....

Persistent link: https://www.econbiz.de/10012829890

Commercialization of Swedish Patents – A Pilot Study in the Medical and Hygiene Sector

Svensson, Roger - 2020

In this paper, I analyze the commercialization of patents in the Swedish medicine & hygiene sector. A unique database makes it possible to use a new method, where I follow the commercialization process of individual patents. A surprisingly low share (10%) of the inventions was discovered at...

Persistent link: https://www.econbiz.de/10014095824