Innovation Governance for Value Capture -The Problem and a Proposed Simple Model-based Solution

Christos Pitelis and Andreas Panagopoulosi
Authors registered in the RePEc Author Service: Andreas Panagopoulos ()

No DYNREG42, Papers from Economic and Social Research Institute (ESRI)

Abstract: We aim to model the "optimal" choice on internal versus external innovation for value capture of different-sized firms, in the context of multi-level bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for "closed" versus "open" innovation approaches, and we discuss managerial practice, limitations and possible extensions.

Keywords: Innovation; Firm Size; Value Capture; Patent Portfolios (search for similar items in EconPapers)
Pages: 27 pages
Date: 2009
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-pr~ and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:esr:wpaper:dynreg42

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