-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …

model, innovation productivity in each country endogenously increases over time because of domestic learning-by-doing and … spillovers into a two-country dynamic model of innovation with the dynamic optimization of an infinitely-lived consumer. In the … learning from foreign capital. The analysis shows that if international spillovers through learning from foreign capital are …