Showing 1 - 10 of 17
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391
An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …
Persistent link: https://www.econbiz.de/10011084016
Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on invention, using data on U.S. patents’ Finnish...
Persistent link: https://www.econbiz.de/10009275968
communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the … transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …
Persistent link: https://www.econbiz.de/10011168896
Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...
Persistent link: https://www.econbiz.de/10011084393
externalities and their impact on regional innovation. We examine MSA-level patent data during the period 1975-2000 and find that … innovation output is higher in regions where large and small firms coexist. The finding is robust to across-region as well as …
Persistent link: https://www.econbiz.de/10011084673
Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions … lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy … therefore can generate the right innovation incentives. …
Persistent link: https://www.econbiz.de/10011083542
We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in …
Persistent link: https://www.econbiz.de/10005123630
-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities …, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …
Persistent link: https://www.econbiz.de/10005498068
innovation. In so doing, we model an industry in which R&D is performed by independent research labs and outsourcing production …
Persistent link: https://www.econbiz.de/10005661520