We study the process of how firms access basic research and translate this into applied research. Drawing on basic research, firms develop higher quality technologies and develop these technologies more intensely internally. Critical in this process are boundary crossing inventors - inventors...

Different aspects of external information flows have typically been lumped together under the name "spillovers". We attempt to refine our understanding of external information flows through the construction of firm-specific measures of incoming spillovers and appropriability from survey data on...

The arrival of the Internet offers new opportunities for value creation. The new technology simultaneously affects demand and cost structures, leading to a radical transformation of existing market structures. As a result, appropriation of any value created has become more challenging....

This Paper presents an econometric analysis of firm and industry characteristics conducive to cooperation with universities, using Community Innovation Survey data for Belgium. We find that large firms are more likely to have cooperative agreements with universities. These agreements are formed...

In this paper we extend the existing literature on research and development (R&D) investments and research joint ventures (RJVs) in two important ways. First, we analyze and compare the case where firms collude in the product market to the benchmark case of competition in the output market....