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spinouts and other new entrants. The impact of noncompete enforceability on new firms is ambiguous, since noncompetes reduce … knowledge leakage but impose hiring costs. However, we posit that enforceability screens formation of within-industry spinouts …
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In this second version of this working paper, Emile Loza discusses the need to conceptualize innovation as a market system and identifies some of the actors, types of capital, and legal infrastructure needed to accelerate the deployment of innovation and improve the sustainability of innovators....
Persistent link: https://www.econbiz.de/10014193878
It is now widely asserted that legal regimes that enforce contractual and other limitations on labor mobility deter technological innovation. First, recent empirical studies purport to show relationships between bans on enforcing noncompete agreements, increased employee movement, and increased...
Persistent link: https://www.econbiz.de/10014128155
for the nonmarket strategy, entrepreneurship and innovation, and public-private partnership literatures. In addition, our …
Persistent link: https://www.econbiz.de/10012934576
employees of the incumbent firms. By focusing on innovating spinouts identified through the inventor mobility in the patent data … technological lead spawn more successful spinouts. Building on these observations, I build a structural model of innovation and firm … spinouts. The spinout dynamics affect productivity growth through four main channels: direct entry, incumbents' disincentive …
Persistent link: https://www.econbiz.de/10013373093
When employees sign employment agreements, they are most likely not concerned about a mandatory arbitration provision forbidding them from engaging in class or collective actions. The United States Supreme Court has shown a strong preference for enforcing arbitration agreements, even when they...
Persistent link: https://www.econbiz.de/10014147838
We develop and test a theory examining how frictions that restrict mobility across industries and frictions constraining mobility within an industry can co-occur to effectively isolate individual human capital, ultimately changing the firm's make-versus-buy decision for human capital....
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