This paper demonstrates the possibility of constructing a measure of product diversity using observed price and quantity data. We do this by positing a utility function, where utility depends on bilateral distance between products. We show how these unobserved parameters can be inferred from...

This paper presents a synthetic framework identifying the central drivers of start-up commercialization strategy and the implications of these drivers for industrial dynamics. We link strategy to the commercialization environment - the microeconomic and strategic conditions facing a firm that is...

When startup innovation involves a potentially disruptive technology – initially lagging in the predominant performance metric, but with a potentially favorable trajectory of improvement – incumbents may be wary of engaging in cooperative commercialization with the startup. While the...

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of the patent grant date, and productive efficiency...

We analyze the relationship between incumbency and innovative activity in the context of a model of technological competition in which successful entrants are able to license their innovation to (or be acquired by) an incumbent. That such a sale ought to take place is natural since the...

This paper considers the role of the allocation of scientific credit in determining the organization of science. We examine changes in that organization and the nature of credit allocation in the past half century. Our contribution is a formal model of that organizational choice that considers...