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When does start-up innovation spur the gale of creative destruction?

Autor: Joshua Gans; Scott Stern; David H Hsu; Intellectual Property Research Institute of Australia.
Editorial: Melbourne, Vic. : Intellectual Property Research Institute of Australia, 2002.
Serie: Intellectual Property Research Institute of Australia working paper, no. 02/02.
Edición/Formato:   Print book : Inglés (eng)Ver todas las ediciones y todos los formatos
Base de datos:WorldCat
Resumen:
This paper examines the determinants of commercialisation strategy for start-up innovators. The authors examine whether the returns on innovation are earned through product market competition versus cooperation with established firms (through licensing, alliances or acquisition). The authors' hypotheses are that the relative returns to cooperation are increasing in (a) control over intellectual property rights, (b)  Leer más
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Tipo de material: Recurso en Internet
Tipo de documento: Libro/Texto, Recurso en Internet
Todos autores / colaboradores: Joshua Gans; Scott Stern; David H Hsu; Intellectual Property Research Institute of Australia.
ISSN:1447-2317
Número OCLC: 223413945
Descripción: [16] p. : ill., tables ; 21 cm.
Contenido: 1. Introduction --
2. The determinants of start-up commercialisation strategy --
3. Data --
4. Empirical results --
5. Discussion and conclusions.
Título de la serie: Intellectual Property Research Institute of Australia working paper, no. 02/02.
Responsabilidad: Joshua S. Gans, David H. Hsu, Scott Stern.

Resumen:

This paper examines the determinants of commercialisation strategy for start-up innovators. The authors examine whether the returns on innovation are earned through product market competition versus cooperation with established firms (through licensing, alliances or acquisition). The authors' hypotheses are that the relative returns to cooperation are increasing in (a) control over intellectual property rights, (b) low transaction costs, and (c) sunk costs associated with product market entry. Using a novel dataset of the commercialisation strategies of start-up innovators, the results suggest that the pro-competitive impact of start-up innovation - the gale of creative destruction - depends on imperfections in the market for ideas.

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