This paper explores the links between open innovation and the emergence of a phoenix industry - the low carbon vehicles sector - in the UK's traditional automotive heartland, focusing on the West Midlands region. It highlights three major factors in driving the development of this ‘phoenix'...

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Variation in technology adoption is a key driver of differences in productivity. Previous studies sought to explain variations in technology adoption by heterogeneity in profitability, costs of adoption, or other factors. Less is known about how adoption is affected by bias in the perceived...

The paper aims at a joint analysis of inter-firm and intra-firm diffusion of technology, taking as an example E-selling and E-purchasing. The analysis is based on an encompassing model of diffusion, drawn from the literature, which is extended by considering technology-specific obstacles and...

The paper aims at a joint analysis of inter-firm and intra-firm diffusion of technology, taking as an example E-selling and E-purchasing. The analysis is based on an encompassing model of diffusion, drawn from the literature, which is extended by considering technology-specific obstacles and...

The paper investigates empirically the decision of firms to adopt Information and Communication Technologies (ICT) based on a comprehensive specification of a "rank model" of technology adoption (complemented by "epidemic effects") using firm-level data for the Swiss business sector. The...

In an environment of accelerating technological change and increasing digitalization, firms need to adopt new technologies faster than ever before to stay competitive. This paper examines whether updates of education curricula help to bring new technologies faster into firms' workplaces. We...

The success of the World Intellectual Property Organization's (WIPO) Development Agenda will depend upon reforms to the agency's governance. At the 2007 WIPO General Assemblies, several of the recommendations on the Development Agenda adopted by member states specifically alluded to the need for...

Despite the emphasis of international IP treaties, such as the TRIPS Agreement, on common minimum IP standards, considerable diversity exists among developing countries regarding the nature and scope of IP standards, approaches to administration and enforcement, and the responsiveness of...

This paper studies the asset pricing implications of technology spillover, an important externality in innovation. While technology spillover enables firms to produce a variety of products that better satisfy their customers' love for variety, such benefits are procyclical, and investors...