Knowledge Flow and Sequential Innovation: Implications for Technology Diffusion, R&D; and Market Value
It is shown that spillovers can enhance private returns to innovation if they feed back into the dynamic research of the original inventor (Internalized spillovers), but will always reduce private returns, if the original inventor does not benefit from the advancements other inventors build into the...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2006
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