the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm …We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …

reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …

not necessarily restrict the innovation incentives and that network effects promote acquisitions over entry. … option of selling to an incumbent increases the innovation incentives for entrepreneurs when the network effects are strong …

necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the … option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … entrepreneur has strong incentives to invest in the initial user base of the innovation. …

reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the entrepreneurial effort … that high-quality inventions are sold under bidding competition. Asymmetric information problems are shown to be solved by …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …

effects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative … under bidding competition. …