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This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs …
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Theory suggests that new market entrants play a special role for the creation of new technological pathways required for the development and diffusion of more sustainable forms of production, consumption, mobility and housing. Unconstrained by past technological investments, entrants can...
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the primary patent covering an innovation and whether the innovating firm's licenses its innovation or raises external …The importance of intellectual property (IP) rights for commercializing innovation is well established. Moreover … innovation alone, it is not clear how obtaining IP rights will impact the choice between licensing product rights and continuing …
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