Technology-based industries have come to account for ever-greater shares of economic activity during the last 30 years. Recently, rapid, digitally-enabled technological change has generated new opportunities for value creation, enabled new ways of capturing value, and stimulated the emergence of...

Part I: Entrepreneurship and entrant-incumbent dynamics. Negotiating for the market / Joshua S. Gans -- Innovation policies / Ramana Nanda and Matthew Rhodes-Kropf -- Nuanced role of relevant prior experience: sales takeoff of disruptive products and product innovation with disrupted technology...

This article investigates the historical conditions that contributed to the birth of in-house research and development (R&D) capabilities in the early US pharmaceutical industry by examining qualitative and quantitative data on university-industry interaction between the 1920s and 1940s. This...

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of whether IP has already been granted. In contrast,...

This paper considers the role of Rosenbergian uncertainty (i.e., economic uncertainties that arise after successful invention) in shaping appropriability for start-up innovators. Rather than assuming that the appropriability regime surrounding an innovation is exogenous, we focus on the...