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The sale of ideas (e.g. through licensing) facilitates vertical specialization and the division of labor between research and development. This specialization can improve the overall efficiency of the innovative process. However, these gains depend on the timing of the sale: the buyer of an idea...
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In this paper we present a model of the long term dynamics of market structure and innovation in the pharmaceutical …
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Markets for technology can promote innovation by allowing for division of labor in research and development. Some firms …
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literature on innovation and industrial economics -such as knowledge links and the structure of competition and collaboration in …
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