role of the effect of pooling on downstream innovation. The focus of this paper is on downstream product development and … tacit knowledge and incomplete patents. -- Patent Pools ; Research and Development ; Innovation ; Tacit Knowledge …

innovation. Competition is characterized by the size of the shared component of the product which determines the degree of …

in development rates. I interpret these results in the light of emerging theories of openness and innovation …

. Our main innovation is to allow for free entry in both the R&D race and product market. Moreover, in contrast with the …

firms. Specifically, we explore the impact of vertical R&D cooperation on firms’ process innovation, outputs, market prices … integrated industry. Contribution & Value Added: Firms’ process innovation benefits from the vertical integration of the industry …

recognition and decent revenues), must (still) be in want of innovation.The pace of change in our industry means that even the … the world — for their insights around what constitutes innovation, the barriers to implementing it, and how to overcome …

. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and …

, knowledge is formalized, new technology replaces old and patents increase innovation incentives. In the other, knowledge is not … formalized, old technology coexists with new, patents decrease innovation incentives and firms sometimes freely exchange … knowledge. The equilibrium changes as technology improves over a life-cycle, affecting firm strategy, innovation policy …