I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate … in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead … firms compete in the capital markets to finance innovation (e.g., in the case of venture capital) there is an endogenous …

the implementation of a patent innovation, e.g., a license fee for a contract with the patentee in Economy B. The office …

innovation. Baseline results show that firms held by dual-holders generate fewer but more valuable patents. To establish …

effects on product innovation in the consumer-goods sector. We combine highly granular retail-scan data with lending data from … innovation. Overall, these findings suggest that disruptions to credit markets make firms innovate less and less boldly …

The most important motivating factor for enhancing innovation activity is lending as a stimulus for the development of …

Open innovation is key for innovators responding to major problems in the world, including energy, healthcare, water …-off companies as a channel of market introduction of new technology and responsible innovation. Although rich in technological … capital, reason why they need to limit their efforts in active participation in open innovation networks. The paper starts …

Open innovation is the subject of increased scholarly debate. A lot of attention has thereby been paid to firm …-centered open innovation, characterized by a for-profit motive and the interplay between patents and contracts, resulting in … communities the present paper examines how the law can assist in establishing a new approach to open innovation (‘new' open …