Economics Commons^™

Start-Up Commercialisation Strategy And Innovative Dynamics, Joshua S. Gans

Joshua S Gans

This paper endogenises a start-up’s choice between competitive and cooperative commercialisation in a dynamic environment. It is demonstrated that, depending upon firms’ dynamic capabilities, there may or may not be gains to trade between incumbents and start-ups in a cumulative innovation environment; that is, start-ups may not be adequately compensated for losses in future innovative potential. Because of this, there is no clear relationship between observed inter-industry innovation and commercialisation choice unless dynamic capabilities of firms are taken into account. In addition, the analysis demonstrates subtle and novel insights into the relationship between dynamic capabilities and rates of innovation.

Emerging Industries: Looking Beyond The Usual Suspects: A Report To Wired, George A. Erickcek, Brad R. Watts

Reports

No abstract provided.

The Impact Of Uncertainty Intellectual Property Rights On The Market For Ideas: Evidence From Patent Grant Delays, Joshua S. Gans, David H. Hsu, Scott Stern

Joshua S Gans

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of whether the patent has already been granted, and productive efficiency considerations will determine license timing (which likely will be as early as possible after invention). In contrast, the need for disclosure of unprotected knowledge on the part of the inventor, asymmetric information between the licensor and potential licensees, or search costs may retard efficient technology transfer. In these cases, reductions in uncertainty surrounding the scope …

Promoting Innovation In Developing Countries: A Conceptual Framework - A Review, O. Adesanya

Economic and Financial Review

The paper aims at providing a solid conceptual framework for the promotion of innovation in developing countries from which appropriate policies can be developed. The author opines that the growing interest in innovation promotion particularly technological innovation in developing countries stems from limitations experienced through traditional economic policies encapsulated in neo-liberalization. In the author's concluding remark, he posits that innovation in a broad sense is something new to a given context and the notion thus becomes generally acceptable to the peculiarities of developing economies from the most basic welfare improvements to the building of vibrant competitive industries. Consequently, the adoption, …

The Geography Of Innovation Commercialization In The United States During The 1990s, Joshua L. Rosenbloom

Joshua L. Rosenbloom

This article analyzes the geographic distribution and interrelationship of three measures of innovation commercialization across the 50 largest metropolitan areas in the United States and estimates a model of the factors explaining variations in the location of innovation commercialization. Innovation commercialization tends to be highly concentrated geographically, suggesting the presence of substantial external economies in these functions. Beyond these scale effects, however, the author finds that university science and engineering capacity and local patenting activity both help to account for intercity differences in the level of innovation commercialization activity.

Development Through Positive Deviance And Its Implications For Economic Policy Making And Public Administration In Africa: The Case Of Kenyan Agricultural Development, 1930–2005, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

Positive internal innovation has long been a central element of African agricultural development, even if modern efforts to stimulate technical, institutional, and policy innovations in African agriculture have tended to look outwards. This paper examines the role of positive deviance in Kenyan agriculture over the last 75 years to cast doubt on the alleged authoritative sources of policy advice and mandates from the outside. Positive deviance and appreciative inquiry are suggested as organizing frameworks for identifying and amplifying the generation and uptake of internal African innovations.

Restraints On Innovation, Herbert J. Hovenkamp

All Faculty Scholarship

Beginning with the work of Joseph Schumpeter in the 1940s and later elaborated by Robert W. Solow's work on the neoclassical growth model, economics has produced a strong consensus that the economic gains from innovation dwarf those to be had from capital accumulation and increased price competition. An important but sometimes overlooked corollary is that restraints on innovation can do far more harm to the economy than restraints on traditional output or pricing. Many practices that violate the antitrust laws are best understood as restraints on innovation rather than restraints on pricing.

While antitrust models for assessing losses that result …

Innovazione E Occupazione, Mario Pianta

Mario Pianta

No abstract provided.

Demand And Innovation In European Industries, Mario Pianta, Francesco Crespi

Mario Pianta

After the decade-old debate between demand-pull and technology-push perspectives, demand seems to have fallen out of fashion. In this paper two models are proposed on the determinants of general innovative activities and on the market impact of product innovations. The models combine the supply and demand engines of innovation, and qualify the type of innovative efforts, distinguishing between those oriented towards cost reductions or towards technological competitiveness. The models are tested at the industry level for 22 manufacturing sectors and 17 services sectors in six European countries. The results show that efforts at technological competitiveness, product oriented strategies and the …