Norbäck, Pehr-Johan; Persson, Lars; Tå̊g, Joacim - In: International Journal of Industrial Organization 37 (2014) C, pp. 1-12
In industries with network effects, incumbents' installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases the...