What Motivates Start-up Firms When Innovations are Sequential?

What Motivates Start-up Firms When Innovations are Sequential?

This paper presents a dynamic analysis of the interaction between incumbent firms and successful new entrepreneurs, that can provide R&D incentives when innovations are cumulative/sequential. It is argued that the insights of the basic model extend to varying market structures and regulatory env...

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Bibliographic Details
Main Author: Park, In-Uck
Format: Article
Language:English
Published: Korea Development Institute 2006-06-01
Series:KDI Journal of Economic Policy
Subjects:
Sequential Innovation(순차적인 혁신)
Patent(특허권)
Venture Capital(위험부담자본)
Online Access:https://doi.org/10.23895/kdijep.2005.28.1.219
Description
Summary:This paper presents a dynamic analysis of the interaction between incumbent firms and successful new entrepreneurs, that can provide R&D incentives when innovations are cumulative/sequential. It is argued that the insights of the basic model extend to varying market structures and regulatory environments.
ISSN:2586-2995
2586-4130

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