Joshua Gans; Scott Stern; David H Hsu; Intellectual Property Research Institute of Australia.
|描述：|| p. : ill., tables ; 21 cm.|
|内容：||1. Introduction --
2. The determinants of start-up commercialisation strategy --
3. Data --
4. Empirical results --
5. Discussion and conclusions.
|丛书名：||Intellectual Property Research Institute of Australia working paper, no. 02/02.|
|责任：||Joshua S. Gans, David H. Hsu, Scott Stern.|
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.