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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| Format: | Article |
| Language: | English |
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Korea Development Institute
2006-06-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2005.28.1.219 |