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Technology Regimes and New Firm Formation

  • Scott Shane

    ()

    (R.H. Smith School of Business, University of Maryland, College Park, Maryland 20742)

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    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.

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    File URL: http://dx.doi.org/10.1287/mnsc.47.9.1173.9785
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    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 47 (2001)
    Issue (Month): 9 (September)
    Pages: 1173-1190

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    Handle: RePEc:inm:ormnsc:v:47:y:2001:i:9:p:1173-1190
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