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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. Ashish Arora & Wesley M. Cohen & Colleen M. Cunningham, 2018. "Inventive Capabilities in the Division of Innovative Labor," NBER Working Papers 25051, National Bureau of Economic Research, Inc.
    2. 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.
    3. Wesley M. Cohen & You-Na Lee & John P. Walsh, 2019. "How Innovative Are Innovations? A Multidimensional, Survey-Based Approach," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, National Bureau of Economic Research, Inc.
    4. Alessandra Scandura, 2019. "The role of scientific and market knowledge in the inventive process: evidence from a survey of industrial inventors," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1029-1069, August.
    5. 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.
    6. Brockman, Paul & Khurana, Inder K. & Zhong, Rong (Irene), 2018. "Societal trust and open innovation," Research Policy, Elsevier, vol. 47(10), pages 2048-2065.
    7. Barge-Gil, Andrés & Vivas-Augier, Carlos, 2019. "Does Cooperation with Universities and KIBS Matter? Firm-level Evidence from Spain," MPRA Paper 96949, University Library of Munich, Germany.
    8. Bei, Xiaoshu, 2019. "Trademarks, specialized complementary assets, and the external sourcing of innovation," Research Policy, Elsevier, vol. 48(9), pages 1-1.
    9. 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).
    10. 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.
    11. 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.
    12. Basse Mama, Houdou, 2018. "Nonlinear capital market payoffs to science-led innovation," Research Policy, Elsevier, vol. 47(6), pages 1084-1095.
    13. 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.
    14. 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).
    15. Kannan Srikanth & Anand Nandkumar & Deepa Mani & Prashant Kale, 2020. "How Firms Build Isolating Mechanisms for Knowledge: A Study in Offshore Research and Development Captives," Strategy Science, INFORMS, vol. 5(2), pages 98-116, June.
    16. 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.
    17. 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.
    18. 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.
    19. 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.
    20. Eliza Chilimoniuk-Przeździecka & Andżelika Kuźnar, 2016. "Znaczenie usług w globalnych łańcuchach wartości," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 141-156.
    21. Dulcineia Catarina Moura & Maria José Madeira & Filipe A. P. Duarte, 2019. "Cooperation In The Field Of Innovation, Absorptive Capacity, Public Financial Support And Determinants Of The Innovative Performance Of Enterprise," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 1-28, July.

    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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