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Patent Pools and the Direction of Innovation - Evidence from the 19th-century Sewing Machine Industry

Lampe, Ryan L. - 2011

that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift …

Persistent link: https://www.econbiz.de/10012461085

Dynamic R&D Choice and the Impact of the Firm's Financial Strength

Peters, Bettina - 2016

This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...

Persistent link: https://www.econbiz.de/10012456639

Labor Laws and Innovation

Acharya, Viral V. - 2010

employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify … that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees …, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity …

Persistent link: https://www.econbiz.de/10012462173

The Riddle of the Great Pyramids

Morck, Randall - 2009

Large pyramidal family controlled business groups are the predominant form of business organization outside America, Britain, Germany, and Japan. Large pyramidal groups comprising dozens, even hundreds, or listed and unlisted firms place the governance of large swathes of many countries' big...

Persistent link: https://www.econbiz.de/10012463790

Vertical Integration and Technology : Theory and Evidence

Acemoglu, Daron - 2004

This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find that the relationship between a downstream (producer) industry and an upstream (supplier) industry is more likely to be vertically integrated when the producing industry is more...

Persistent link: https://www.econbiz.de/10012467690

Upstream Product Market Regulations, ICT, R&D and Productivity

Cette, Gilbert - 2013

Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus estimate what are the specific impacts of...

Persistent link: https://www.econbiz.de/10012459134

Productivity in Pharmaceutical Biotechnology R&D : The Role of Experience and Alliances

Danzon, Patricia Munch - 2003

Using data on over 900 firms for the period 1988-2000, we estimate the effect on phase-specific biotech and pharmaceutical R&D success rates of a firm's overall experience, its experience in the relevant therapeutic category; the diversification of its experience, and alliances with large and...

Persistent link: https://www.econbiz.de/10012469083

Do Equity Financing Cycles Matter? Evidence from Biotechnology Alliances

Lerner, Josh - 2000

While the variability of public equity financing has been long recognized, its impact on firms has attracted little empirical scrutiny. This paper examines one setting where theory suggests that variations in financing conditions should matter, alliances between small R&D firms and major...

Persistent link: https://www.econbiz.de/10012471312

A Tale of Two Standards : Patent Pools and Innovation in the Optical Disk Drive Industry

Flamm, Kenneth - 2013

date, have largely concluded that patent pools have been associated with reduced rates of technical innovation in the … of innovation in product markets, rather than on indirect correlates of innovation (like patents), and by exploiting … with very different effects on the structure of product markets, and the rate of technical innovation in optical disc …

Persistent link: https://www.econbiz.de/10012459730

Do Patent Pools Encourage Innovation? Evidence from 20 U.S. Industries under the New Deal

Lampe, Ryan L. - 2012

tolerance under the New Deal to investigate the effects of pools on innovation within 20 industries. Difference … discourage innovation by weakening competition to improve substitutes …

Persistent link: https://www.econbiz.de/10012460347