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This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start …
Persistent link: https://www.econbiz.de/10013229010
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10013068289
Persistent link: https://www.econbiz.de/10013247299
knowledge is an input into internal invention, and thus, more valuable to firms with inventive capability. Using a simple model … of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …
Persistent link: https://www.econbiz.de/10012911085
. Accordingly, this paper offers an empirical comparison of patents in relation to the award of prizes for technological innovation … unpredictable, and was unrelated to such proxies for the productivity of the innovation as inventive capital or the commercial … success of the invention. Prize-oriented institutions thus appear to be less systematic and not as market-oriented as patent …
Persistent link: https://www.econbiz.de/10013040534
technology in this way both stimulated specialization at invention and further enhanced the opportunities available to …
Persistent link: https://www.econbiz.de/10013222992
For those who think of Cleveland as a decaying rustbelt city, it may seem difficult to believe that this northern Ohio port was once a hotbed of high-tech startups, much like Silicon Valley today. During the late nineteenth and early twentieth centuries, Cleveland played a leading role in the...
Persistent link: https://www.econbiz.de/10013229153
Using a comprehensive linked employer-employee database from Brazil for the period 1995-2001, we are able for the first time to compare firms founded as employee spinoffs to new firms without parents and to diversification ventures of existing firms entering a new industry. Employee spinoffs are...
Persistent link: https://www.econbiz.de/10013070401
In this paper we study how the existence of a functioning market for technology differentially conditions the entry strategy and survival of different types of entrants, and the role of scale, marketing ability and technical assets. Markets for technology facilitate entry of firms that lack...
Persistent link: https://www.econbiz.de/10012751727
to become principals in firms bearing their names. Entrepreneurship, therefore, was by no means dead, but the increasing … capital requirements%u2014both financial and human%u2014for effective invention and the need for inventors to establish a …
Persistent link: https://www.econbiz.de/10012752521