We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require … different skills. This paper tests whether the invention and innovation stages should be undertaken by different agents. We also … show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation process …

of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … possibilities of successful commercialization since the inventor may further adapt the innovation to customer needs, transmit …