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Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010333110
We analyze the effect of patent thickets on entry into technology areas by firms in the UK. We present a model that describes incentives to enter technology areas characterized by varying technological opportunity, complexity of technology, and the potential for hold-up in patent thickets. We...
Persistent link: https://www.econbiz.de/10011786815
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010336116
Recent studies in the tradition of Schmookler have re-emphasised the potential role of demand in stimulating innovation …. Here, we reconsider the role of home and export market demand in stimulating manufacturing innovation using comparable … innovation production functions using panel data estimators over the sample period 1994 to 2005. For a range of innovation …
Persistent link: https://www.econbiz.de/10010285803
The innovation value chain (IVC) divides the innovation process into three separate links or activities: knowledge … Ireland and Switzerland. Both economies are small, very open and depend significantly on innovation to maintain competitive … advantage. In recent years, however, R&D and innovation growth in Ireland has been markedly stronger than that in Switzerland …
Persistent link: https://www.econbiz.de/10010285823