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Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a … framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the … important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which …
Persistent link: https://www.econbiz.de/10010270414
Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a … framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the … important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which …
Persistent link: https://www.econbiz.de/10003877639
of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub … underinvest in innovation. …
Persistent link: https://www.econbiz.de/10011409408
Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms' choice between ex ante and ex post...
Persistent link: https://www.econbiz.de/10010365900
In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While RJVs are well explored in the literature, very...
Persistent link: https://www.econbiz.de/10010223406
We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry … conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market …
Persistent link: https://www.econbiz.de/10010263295
In a patent thicket licensing provides a mechanism to either avoid or resolve hold up. We study the choice between ex ante licensing to avoid hold up and ex post licensing to resolve it. Firms' choice of licensing contract is studied in the context of a patent portfolio race. We show that high...
Persistent link: https://www.econbiz.de/10010442172
In a patent thicket licensing provides a mechanism to either avoid or resolve hold-up. Firms' R&D incentives will differ depending on how licensing is used. In this paper we study the choice between ex ante licensing to avoid hold-up and ex post licensing to resolve it. Building on a theoretical...
Persistent link: https://www.econbiz.de/10010343952
-compatibility have become critical to promoting innovation and competition. Standards are typically created by voluntary organizations …
Persistent link: https://www.econbiz.de/10014057543
We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry … conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market …
Persistent link: https://www.econbiz.de/10014187075