Innovation is an inherently uncertain process. Success is typically coupled with risk and we can only hope that those … with great ideas will persevere. To encourage innovation, society reduces some of the innovation risk through structures … addressed by legal reform, while the others are actually essential to a healthy innovation system. The article concludes with …

. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … intellectual property rights and of offshoring costs on the rate of innovation and on the offshoring intensity. In chapter 4 I … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …