for innovation for sale. Moreover, we show that increasing the degree of industry-wide standardization furthers the goal …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

Most OECD-countries provide financial subsidy programs to stimulate the entry and growth of small entrepreneurial firms …. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …