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The question of whether opening a new technology to secondary developers stimulates innovation is central to public … than doing so to simply promote diffusion of a technology …
Persistent link: https://www.econbiz.de/10012711683
modularity. The objective is not to propose an alternative theory. More modestly, I am aiming to move the debate away from …Research on “modularity” has made an important contribution to the study of technical change and economic institutions …. It demonstrates that progress in the division of labor in design (technical modularity) has created new opportunities for …
Persistent link: https://www.econbiz.de/10014149023
The purpose of this chapter is to understand how technology contributed to the emergence and evolution of modular … microeconomic theory to explain how firms capture value in these settings, and show how the theory can be operationalized using the … financial measure return on invested capital (ROIC).Technologies that shape organizations perforce affect the location of jobs …
Persistent link: https://www.econbiz.de/10013294156
The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary, since the pool avoids a double-marginalization problem associated with independent licensing. This conventional wisdom relies on the effects that pooling has on downstream prices....
Persistent link: https://www.econbiz.de/10009735480
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show …
Persistent link: https://www.econbiz.de/10003843246
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10012826395
We find that the positive impact of a firm’ own innovations on its own growth is similar in more and less competitive industries. In contrast, the negative impact of rival firms’ innovations on a firm’s growth (creative destruction) is significantly stronger in less competitive industries,...
Persistent link: https://www.econbiz.de/10013218282
When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for entry. Inventors who sell post-entry use entry to credibly reveal information...
Persistent link: https://www.econbiz.de/10012830529
“lemons problem” theory as well as the various regulatory solutions proposed to deal with the problem of asymmetric …
Persistent link: https://www.econbiz.de/10014036077
. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and …
Persistent link: https://www.econbiz.de/10014094895