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The acquisition and commercialization of invention in American manufacturing: Incidence and impact

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  • Arora, Ashish
  • Cohen, Wesley M.
  • Walsh, John P.

Abstract

Recent accounts suggest the development and commercialization of invention has become more “open.” Greater division of labor between inventors and innovators can enhance social welfare through gains from trade and economies of specialization. Moreover, this extensive reliance upon outside sources for invention also suggests that understanding the factors that condition the extramural supply of inventions to innovators is crucial to understanding the determinants of the rate and direction of innovative activity.

Suggested Citation

  • Arora, Ashish & Cohen, Wesley M. & Walsh, John P., 2016. "The acquisition and commercialization of invention in American manufacturing: Incidence and impact," Research Policy, Elsevier, vol. 45(6), pages 1113-1128.
  • Handle: RePEc:eee:respol:v:45:y:2016:i:6:p:1113-1128
    DOI: 10.1016/j.respol.2016.02.005
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    Cited by:

    1. Arora, Ashish & Fosfuri, Andrea & Rønde, Thomas, 2018. "Waiting for the payday? The market for startups and the timing of entrepreneurial exit," CEPR Discussion Papers 12724, C.E.P.R. Discussion Papers.
    2. de Ridder, Maarten, 2016. "Investment in productivity and the long-run effect of financial crises on output," LSE Research Online Documents on Economics 86180, London School of Economics and Political Science, LSE Library.
    3. Walsh, John P. & Lee, You-Na & Nagaoka, Sadao, 2016. "Openness and innovation in the US: Collaboration form, idea generation and implementation," Research Policy, Elsevier, vol. 45(8), pages 1660-1671.
    4. repec:eee:respol:v:47:y:2018:i:6:p:1084-1095 is not listed on IDEAS
    5. Arora, Ashish & Athreye, Suma & Huang, Can, 2016. "The paradox of openness revisited: Collaborative innovation and patenting by UK innovators," Research Policy, Elsevier, vol. 45(7), pages 1352-1361.
    6. BHARADWAJ, Ashish & KANG, Byeongwoo, 2018. "How does innovation occur in India? Evidence from the JIRICO survey," IIR Working Paper 18-05, Institute of Innovation Research, Hitotsubashi University.
    7. Cohen, Wesley M. & Fjeld, Jon, 2016. "The three legs of a stool: Comment on Richard Nelson, “The sciences are different and the differences matter”," Research Policy, Elsevier, vol. 45(9), pages 1708-1712.
    8. de Ridder, Maarten, 2016. "Investment in productivity and the long-run effect of financial crises on output," LSE Research Online Documents on Economics 86180, London School of Economics and Political Science, LSE Library.
    9. Eliza Chilimoniuk-Przeździecka & Andżelika Kuźnar, 2016. "Znaczenie usług w globalnych łańcuchach wartości," Gospodarka Narodowa, Warsaw School of Economics, issue 5, pages 141-156.
    10. repec:nbr:nberch:13890 is not listed on IDEAS
    11. repec:kap:jtecht:v:44:y:2019:i:4:d:10.1007_s10961-017-9643-3 is not listed on IDEAS
    12. repec:eee:respol:v:47:y:2018:i:10:p:2048-2065 is not listed on IDEAS
    13. KANI Masayo & MOTOHASHI Kazuyuki, 2016. "Understanding External Technology Sourcing in New Product Development Projects: Bilateral vs. unilateral contracts," Discussion papers 16104, Research Institute of Economy, Trade and Industry (RIETI).
    14. Lee, You-Na & Walsh, John P., 2016. "Inventing while you work: Knowledge, non-R&D learning and innovation," Research Policy, Elsevier, vol. 45(1), pages 345-359.
    15. KANI Masayo & MOTOHASHI Kazuyuki, 2018. "Technology Sourcing in New Product Development Projects: When and how to use external resources?," Discussion papers 18042, Research Institute of Economy, Trade and Industry (RIETI).
    16. Carolin Haeussler & Henry Sauermann, 2016. "The Division of Labor in Teams: A Conceptual Framework and Application to Collaborations in Science," NBER Working Papers 22241, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Innovation; Division of innovative labor; External sourcing; Technology specialists; Startups; Patent propensity;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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