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We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …
Persistent link: https://www.econbiz.de/10008865973
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10010320309
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10004964394
Persistent link: https://www.econbiz.de/10011504956
Inventors generally know more about their inventions than what is written down in patent applications. Because they possess this tacit knowledge, inventors may need to play an active role when patents are commercialized. We build on Arora (1995) and model firm-inventor cooperation in the...
Persistent link: https://www.econbiz.de/10012224283
Persistent link: https://www.econbiz.de/10003400403
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of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … possibilities of successful commercialization since the inventor may further adapt the innovation to customer needs, transmit …
Persistent link: https://www.econbiz.de/10012746286
stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require … different skills. This paper tests whether the invention and innovation stages should be undertaken by different agents. We also … show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation process …
Persistent link: https://www.econbiz.de/10012825157