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We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the...
Persistent link: https://www.econbiz.de/10003767918
Talent allocation models assume that entrepreneurial talent is selfish and thus allocates into unproductive or even destructive activities if these offer the highest private returns. This paper experimentally analyzes other-regarding preferences of entrepreneurial talent. We find that making a...
Persistent link: https://www.econbiz.de/10003887185
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This paper challenges the key assumption in "idea based growth models" that innovation rents ultimately reward the creation of knowledge. In modern capitalist economies the agents that commercialize new ideas, the entrepreneurs, receive the bulk of the innovation rents and are generally the...
Persistent link: https://www.econbiz.de/10013089419
Persistent link: https://www.econbiz.de/10012236536
We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the...
Persistent link: https://www.econbiz.de/10005040860
We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the...
Persistent link: https://www.econbiz.de/10005090472
Persistent link: https://www.econbiz.de/10003462213
Persistent link: https://www.econbiz.de/10009774983