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Recombinant innovation and the boundaries of the firm
2017
International Journal of Industrial Organization
Recombinant innovation, the combination of existing ideas, is important for technological progress; we want to understand how important market frictions are in stifling the transmission of ideas from one firm to another. Although the theoretical literature emphasizes the importance of these frictions, direct empirical evidence on them is limited. We use comprehensive data on patent applications from the European Patent Office and a multiple spells duration model to provide estimates that
doi:10.1016/j.ijindorg.2016.10.005
fatcat:g7lpb6a2ezfutodkhakzkv4rka