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

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 …

. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and …

intellectual property right design. We derive conclusions in the simplest, one-time innovation, case then investigate how these … optimal procurement of innovation are considered. Finally, we sketch enforcement and competition policy issues. …

tacit knowledge and incomplete patents. -- Patent Pools ; Research and Development ; Innovation ; Tacit Knowledge …The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary … role of the effect of pooling on downstream innovation. The focus of this paper is on downstream product development and …

Southern firms in global innovation networks. A complementary exercise uses global bilateral patent data to investigate the … stimulate Southern innovation …

Previous literature finds that larger downstream markets fuel the innovation of new technologies by incentivizing firms …

and patent productivity of the respective regional innovation systems (RIS). The empirical analysis is for nine German …

We study the relationship between patents and actual product innovation in the market, and how this relationship varies … patents differently from followers. Market leaders have lower product innovation rates, though they rely on patents more …. Patents of market leaders relate to higher future sales above and beyond their effect on product innovation, and these patents …