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commercialization of inventions. If the patent holder commercializes his invention, he has stronger incentives to retain the patent. The … purpose here is to empirically analyze the relationship between commercialization and the renewal of patents. At the same time … 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
commercialization; entrepreneurship or licenses to established firms, as well as on probabilities of successful commercialization. We … advantage over faculty startups, and that on average the probability of successful commercialization is somewhat higher in the …
Persistent link: https://www.econbiz.de/10010320399
We specify an empirical model of US inflation which has the dynamics of wage and price setting at its core. In the dynamic wage equation an equilibrium-correction term connects the wage level to industrial prosperity indicators. In that way, the role of wage setting in the dynamics of the...
Persistent link: https://www.econbiz.de/10015054212
In Finland, universities have the explicit mandate to support the transformation of high-quality knowledge into profitable business, as well as to promote the creation of new businesses and workplaces within the boundaries of their so-called third mission. This report looks at how Finnish...
Persistent link: https://www.econbiz.de/10012037700
We develop a model that incorporates salient features of growth in modern economies. We combine the expanding-variety growth model through horizontal innovations with a hierarchy of basic and applied research. The former extends the knowledge base, while the latter commercializes it. Two-way...
Persistent link: https://www.econbiz.de/10011753182
time it takes until commercialization starts. To the best of my knowledge, such an analysis has not been undertaken before … commercialized. It seems like the government financing creates a pool of patents with bad perspectives of commercialization. The …
Persistent link: https://www.econbiz.de/10010320091
of commercialization (entry or sale) in network industries showing that high equilibrium acquisition prices are driven by …
Persistent link: https://www.econbiz.de/10010320239
We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced by Smith, Suchanek and Williams (1988). We find that populating such markets with teams of size two instead of individuals significantly reduces the severity of mispricing. In...
Persistent link: https://www.econbiz.de/10010269599
Being the leader in a group often involves making risky decisions that affect the payoffs of all members, and the decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the willingness of men and women to make risky decisions...
Persistent link: https://www.econbiz.de/10010274088
This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context and individually. Openness and agreeableness emerge as...
Persistent link: https://www.econbiz.de/10010500224