I apply a survival model to a detailed data set of Swedish patents to estimate how different factors affect the likelihood of patent renewal. Since the owners know more about the patents than potential external financiers, there is a problem of asymmetric information. To overcome this, Sweden...

The purpose of this study is to present a unique database on commercialized patents and to illustrate how it can be used to analyze the commercialization process of patents. The dataset is based on a survey of Swedish patents owned by inventors and small firms with a remarkably high response...

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

A monetary system called periodic re-coinage was used during almost 200 years in large part of medieval Europe. Old coins were frequently declared invalid and had to be exchanged for new ones for an exchange fee. This system – which is equivalent to a Gesell tax – required a limited coin...

Using unique data on Swedish multinational corporations (MNCs), this study investigates several dimensions relating to industrial R&D. The development in the latter part of the 1980s is emphasized. Between 1978 and 1990, R&D intensity of the Swedish MNCs almost doubled from about 2 to 4 percent....

In this chapter, it is analyzed how the entry mode choice of Swedish MNCs during the 1960-94 period is related to the market structure and development level of the host country. If the investing firm had previous affiliates in the host country, takeovers were preferred. The explanation is that...

In this chapter we have briefly reviewed the recent theoretical advances made regarding the location of production, with emphasis on agglomeration of production across countries. We have confronted the theoretical explanations with the quite scarce empirical evidence on agglomeration in foreign...

By combining unique data on Swedish multinationals with industry data for 18 countries, the influence of host country characteristics on the location of foreign production is analysed. Particular attention is directed towards agglomeration tendencies in firms' location. The sample selection...

Our findings suggest that the nature and composition of skills exert a major influence on the entry mode for direct investment. Relatively more organizational skill favors takeover, while relatively more technological skill favors greenfield operations. The time variable exerted a positive...