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The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company?s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined...
Persistent link: https://www.econbiz.de/10010297500
role of the effect of pooling on downstream innovation. The focus of this paper is on downstream product development and …
Persistent link: https://www.econbiz.de/10010311968
This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....
Persistent link: https://www.econbiz.de/10010311657
We present a dynamic model in which an employee of a firm searches for business projects in a changing environment. It is costly to induce the employee who found a successful project in the past period to search for a new project. Past success can therefore result in profitreducing corporate...
Persistent link: https://www.econbiz.de/10010302621
The conventional antitrust wisdom is that the formation of patent pools is welfare en- hancing when patents are complementary, since the pool avoids a double-marginalization problem associated with independent licensing. The focus of this paper is on (down- stream) product development and...
Persistent link: https://www.econbiz.de/10012056332
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
This paper compares the structure and the development of new firm formation activity in three German regions. The two East German regions, Dresden and Rostock, show significantly higher start-up rates than the West German region Karlsruhe. The analysis of entry cohorts reveals that not only the...
Persistent link: https://www.econbiz.de/10010298509
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....
Persistent link: https://www.econbiz.de/10010299174
innovation process and capitalization on scientific resources in order to improve this vital process. To achieve this, a … incremental innovation by using knowledge generated by universities or research institutes. …
Persistent link: https://www.econbiz.de/10011724881
This paper attempts to give an economic perspective of the impact of the innovation industries. The estimation method …, as higher employment and wages/capita in innovation industries are accompanied by higher employment and lower … influence of research and development activities. All these effects point to the sustainability of innovation industries, which …
Persistent link: https://www.econbiz.de/10011725096