This paper analyzes how different innovation-strategies of incumbent firms affect the quality of their entrepreneurial … files for the period 1997-2008, three types of incumbent firms are distinguished: firms that are engaged in innovation … new firm can be linked back to the innovation strategy of the parent firm. In contrast, there is strong evidence that …

This paper analyzes how different innovation-strategies of incumbent firms affect the quality of their entrepreneurial … files for the period 1997-2008, three types of incumbent firms are distinguished: firms that are engaged in innovation … new firm can be linked back to the innovation strategy of the parent firm. In contrast, there is strong evidence that …

innovation. Yet, firms do patent, as indicated by the largenumber of patents that are granted. This paper offers a possible … resolution to this puzzle.It takes a simplified version of a duopoly innovation race, and studies the patenting decisionof an … innovator who has private information about the improvability of her innovation.In this setting, it is shown that a firm may use …

This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of … nonobviousness; in Europe it is called the inventive step). The rate of innovation initially rises as this standard is raised from … standard that maximizes the rate of innovation. Surprisingly, this critical standard is more stringent for industries disposed …

We consider mergers in an innovation contest between n firms in the presence of synergetic effects. We assume that a …

Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political … setting of countries with different innovation and financing capabilities, and where financing governments rely on taxes to …

world with two heterogeneous countries featuring different sizes and innovation capacities. Moving to an international …

Using data from the US automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …