Technology Regimes and New Firm Formation
At least since Schumpeter (1934 and 1942), researchers have been interested in identifying the dimensions of technology regimes that facilitate new firm formation as a mode of technology exploitation. Using data on 1,397 patents assigned to the Massachusetts Institute of Technology during the 1980-1996 period, I show that four hypothesized dimensions of the technology regime---the age of the technical field, the tendency of the market toward segmentation, the effectiveness of patents, and the importance of complementary assets in marketing and distribution---influence the likelihood that new technology will be exploited through firm formation.
Volume (Year): 47 (2001)
Issue (Month): 9 (September)
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