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We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010291511
We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Preemptive acquisitions by incumbents are shown to stimulate the...
Persistent link: https://www.econbiz.de/10008865973
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010877893
External financing is important when inventors and small technology-based firms wish to commercialize their inventions. However, it is likely that problems related to adverse selection and moral hazard are present, and market failures occur, since inventors know more about the inventions than do...
Persistent link: https://www.econbiz.de/10010320027
. For external financing of patent projects and small technology-based firms, Sweden has during long time relied on … government support rather than private venture capital firms. The empirical results show that the larger share of the patent … reasons to the bad performance are: 1) the design of the government loans, where the patent owner can escape from paying back …
Persistent link: https://www.econbiz.de/10010320091
during the commercialization, or the main reasons why the patent was not commercialized. The reasons why larger firms do not …
Persistent link: https://www.econbiz.de/10010320145
commercialization of inventions. If the patent holder commercializes his invention, he has stronger incentives to retain the patent. The …, I take into account defensive patent strategies (e.g. deterring competitors from utilizing the patent) and pointedly ask … if there are any third factors (quality of the patent) that affect the commercialization and renewal decisions. Using a …
Persistent link: https://www.econbiz.de/10010320247
likelihood of patent renewal. Since the owners know more about the patents than potential external financiers, there is a problem …
Persistent link: https://www.econbiz.de/10010320282
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10010320309
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10004964394