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The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact

Arora, Ashish; Cohen, Wesley M.; Walsh, John P. - National Bureau of Economic Research (NBER) - 2014

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 greater economies of specialization. Moreover, this extensive reliance upon...

Persistent link: https://www.econbiz.de/10010951285

Managing Licensing in a Market for Technology

Arora, Ashish; Fosfuri, Andrea; Roende, Thomas - National Bureau of Economic Research (NBER) - 2012

because its rewards depend upon product market performance. If licensing is decentralized, the business unit forgoes valuable …

Persistent link: https://www.econbiz.de/10010950703

Cash-Out or Flameout! Opportunity Cost and Entrepreneurial Strategy: Theory, and Evidence from the Information Security Industry

Arora, Ashish; Nandkumar, Anand - In: Management Science 57 (2011) 10, pp. 1844-1860

We analyze how entrepreneurial opportunity cost conditions performance. Departing from the common practice of using … survival as a measure of entrepreneurial performance, we model both failure and cash-out (liquidity event) as conditioned by … also more likely to fail faster. Not only is survival a poor indicator of performance, but its use as one obscures the …

Persistent link: https://www.econbiz.de/10010990626

Enter at Your Own Risk: HMO Participation and Enrollment in the MedicareRisk Market

Arora, Ashish; Gaynor, Martin; Abraham, Jean; Wholey, … - National Bureau of Economic Research (NBER) - 1999

We examine HMO participation and enrollment in the Medicare risk market for the years 1990 to 1995. We develop a profit- maximization model of HMO behavior, which explicitly considers potential linkages between an HMO's production decision in the commercial enrollee market and its participation...

Persistent link: https://www.econbiz.de/10005828888

Cash-out or flame-out! Opportunity cost and entrepreneurial strategy: Theory, and evidence from the information security industry

Arora, Ashish; Nandkumar, Anand - National Bureau of Economic Research (NBER) - 2009

We analyze how entrepreneurial opportunity cost conditions performance. We depart from the literature on … entrepreneurship which identifies survival with performance. Instead, many entrepreneurs aim for a cash-out (IPO or acquisition … entrepreneurial performance. …

Persistent link: https://www.econbiz.de/10008624629

Implications for Energy Innovation from the chemical industry

Arora, Ashish; Gambardella, Alfonso - National Bureau of Economic Research (NBER) - 2010

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played in its development. We then explore three noteworthy...

Persistent link: https://www.econbiz.de/10008631696

The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries

Arora, Ashish; Gambardella, Alfonso - National Bureau of Economic Research (NBER) - 2004

The spectacular growth of the software industry in some non-G7 economies has aroused both interest and concern. This paper addresses two sets of inter-related issues. First, we explore the determinants of these successful stories. We then touch upon the broader question of what lessons, if any,...

Persistent link: https://www.econbiz.de/10005085393

The Effect of Public Science on Corporate R&D

Arora, Ashish; Belenzon, Sharon; Cioaca, Larisa C.; … - National Bureau of Economic Research - 2023

We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and invention. We identify the relationships through firm-specific exposure to changes in federal agency R\&D budgets that are driven by the political composition of congressional...

Persistent link: https://www.econbiz.de/10014437030

Chapter 15. The Market for Technology

Arora, Ashish; Gambardella, Alfonso - 2010

This chapter reviews the growing literature on the “market for technology,” a broad term that denotes trade in technology disembodied from physical goods. The market for technology flourished during the nineteenth century in the United States. After several decades of relative decline, the...

Persistent link: https://www.econbiz.de/10014025161

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish; Belenzon, Sharon; Patacconi, Andrea - National Bureau of Economic Research (NBER) - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations between 1980 and 2007. We find that publications by...

Persistent link: https://www.econbiz.de/10011159880