Engel, Christoph; Kleine, Marco - In: Research Policy 44 (2015) 1, pp. 20-33
innovators are not protected against others appropriating their ideas, incentives for innovation are suboptimally low. Now, in … most industries and for most potential users, appropriating a foreign innovation is itself an investment decision fraught … with cost and risk. Nonetheless, standard theory predicts too little innovation. Arguably the problem is exacerbated by the …
