The acquisition and commercialization of invention in American manufacturing: Incidence and impact

Ashish Arora (), Wesley M. Cohen and John P. Walsh

Research Policy, 2016, vol. 45, issue 6, 1113-1128

Abstract: 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 economies of specialization. Moreover, this extensive reliance upon outside sources for invention also suggests that understanding the factors that condition the extramural supply of inventions to innovators is crucial to understanding the determinants of the rate and direction of innovative activity.

Keywords: Innovation; Division of innovative labor; External sourcing; Technology specialists; Startups; Patent propensity (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (49)

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Working Paper: The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:6:p:1113-1128

DOI: 10.1016/j.respol.2016.02.005

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