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on Economics of Strategic Management |
| By: | Lee Davis |
| Abstract: | This paper investigates in an exploratory manner the licensing strategies pursued by firms whose business model is based on developing and licensing out their intellectual property rights (IPRs). These are not traditional suppliers, since they do not engage in production or commercialization, but focus solely on invention. While considerable anecdotal evidence exists about these IP vendors, there has been no systematic investigation of how they use licensing to appropriate value from their investments in R&D. In this paper, we suggest that the licensing strategies they pursue can be differentiated along two main dimensions: whether the driving force behind the inventive process is “technology push” or “market pull”, and the degree to which the innovative activities carried out by the IP vendor are mutually dependent upon the innovative activities of the other relevant market players. On this basis, four main licensing strategies are identified. We investigate the relative benefits and costs of these four strategies, and the factors affecting licensing choices. |
| Keywords: | Intellectual property; licensing; strategy |
| JEL: | O31 O32 O34 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:aal:abbswp:06-12&r=cse |
| By: | Alan Hughes |
| Abstract: | This paper assesses the current nature of university-industry links in the UK and US using the recent unique IPC-CBR innovation benchmarking survey of the UK and the US. It argues for a more diverse approach to the complex nature of university-industry links than is currently the case. The paper in addition provides a brief overview of SET policy in the UK locating university-industry links within the overall UK policy framework. It argues for a greater degree of coordination of existing policy levers rather than new initiatives and for an effective use of public procurement in relation to SET policy. |
| Keywords: | Science and Technology Policy, University Industry Links, UK-US comparisons |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp326&r=cse |
| By: | Stam, E.; Audretsch, D.B.; Meijaard, J. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University) |
| Abstract: | Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship. |
| Keywords: | Entrepreneurial Preferences;Entrepreneurial Skills;Firm Exit;Renascent Entrepreneurship;Economics of Entrepreneurship; |
| Date: | 2006–03–29 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:eureri:30008468&r=cse |
| By: | Corrado Di Maria (CentER, Tilburg University); Simone Valente (Center of Economic Research, Swiss Federal Institute of Technology Zurich (ETH)) |
| Abstract: | We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essen- tial for production. The relative profitability of factor-specific inno- vations endogenously determines whether technical progress will be capital- or resource-augmenting. We show that convergence to bal- anced growth implies zero capital-augmenting innovations: in the long run, the economy exhibits purely resource-augmenting technical change. This result provides sound microfoundations for the broad class of models of exogenous/endogenous growth where resource-aug- menting progress is required to sustain consumption in the long run, contradicting the view that these models are conceptually biased in favor of sustainability. |
| Keywords: | Endogenous Growth, Directed Technical Change, Exhaustible Resources, Sustainability |
| JEL: | O31 O33 O41 Q32 |
| Date: | 2006–03 |
| URL: | http://d.repec.org/n?u=RePEc:eth:wpswif:06-50&r=cse |