Innovation Governance for Value Capture -The Problem and a Proposed Simple Model-based Solution

We aim to model the "optimal" choice on internal versus external innovation for value capture of different-sized firms, in the context of multi-level bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for "closed" versus "open" innovation approaches, and we discuss managerial practice, limitations and possible extensions.

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Year of publication:	2009
Authors:	Pitelis, Christos ; Panagopoulosi, Andreas
Institutions:	Economic and Social Research Institute (ESRI)
Subject:	Innovation \| Firm Size \| Value Capture \| Patent Portfolios

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Extent:	application/pdf
Series:	Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number DYNREG42 27 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005038338