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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
Inventors generally know more about their inventions than what is written down in patent applications. Because they … (1995) and model firm-inventor cooperation in the commercialization of a given invention. Tacit knowledge warrants inventor … is important for the successful commercialization of patents by using a detailed patent database. The database contains …
Persistent link: https://www.econbiz.de/10012830530
. For external financing of patent projects and small technology-based firms, Sweden has during long time relied on … government support rather than private venture capital firms. The empirical results show that the larger share of the patent … reasons to the bad performance are: 1) the design of the government loans, where the patent owner can escape from paying back …
Persistent link: https://www.econbiz.de/10012825155
licensed abroad, and even then, manufacturing of the invention often takes place in Sweden. It seems like there is a lack of … R&D is undertaken at universities in Sweden. The commercialization rate is higher among small firms and entrepreneurs … often claim that financing and difficulties to find a firm willing to manufacture the invention are the largest problems …
Persistent link: https://www.econbiz.de/10014095824
External financing is important when inventors and small technology-based firms wish to commercialize their inventions. However, it is likely that problems related to adverse selection and moral hazard are present, and market failures occur, since inventors know more about the inventions than do...
Persistent link: https://www.econbiz.de/10010320027
commercialization of inventions. If the patent holder commercializes his invention, he has stronger incentives to retain the patent. The …, I take into account defensive patent strategies (e.g. deterring competitors from utilizing the patent) and pointedly ask … if there are any third factors (quality of the patent) that affect the commercialization and renewal decisions. Using a …
Persistent link: https://www.econbiz.de/10010320247
likelihood of patent renewal. Since the owners know more about the patents than potential external financiers, there is a problem … of asymmetric information. To overcome this, Sweden has for a long time relied on government support rather than private …
Persistent link: https://www.econbiz.de/10010320282
This study presents new homogenous series of top income shares in Sweden over the period 1903-2004. We find that …. When included, Sweden's experience resembles that in the U.S. and the U.K. with sharp increases in top incomes. Excluding … capital gains, Sweden looks more like the continental European countries where top income shares have remained relatively …
Persistent link: https://www.econbiz.de/10010320074
We study the development of wealth concentration in Sweden over 130 years, from the beginning of industrialization …
Persistent link: https://www.econbiz.de/10010320172
Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … surge in capital gains-driven inequality in Sweden since the 1980s. While there are no evident changes in terms of who earns …
Persistent link: https://www.econbiz.de/10010320194