Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 483-503 |
| Seitenumfang | 21 |
| Fachzeitschrift | International Journal of Industrial Organization |
| Jahrgang | 23 |
| Ausgabenummer | 5-6 |
| Publikationsstatus | Veröffentlicht - Juni 2005 |
| Extern publiziert | Ja |
Abstract
The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to economize on a critical component of efficient investment decisions-the expertise to sort 'profitable' from 'unprofitable' inventions. Our findings may help explain the surge in university patenting and licensing since the Bayh-Dole Act of 1980. The study also identifies several limitations to the potential efficiency of intermediation in innovation.
ASJC Scopus Sachgebiete
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Arbeitgeber-Arbeitnehmer-Beziehungen
- Ingenieurwesen (insg.)
- Luft- und Raumfahrttechnik
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre, Ökonometrie und Finanzen (sonstige)
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Strategie und Management
- Ingenieurwesen (insg.)
- Wirtschaftsingenieurwesen und Fertigungstechnik
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in: International Journal of Industrial Organization, Jahrgang 23, Nr. 5-6, 06.2005, S. 483-503.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Intermediation in innovation
AU - Hoppe, Heidrun C.
AU - Ozdenoren, Emre
PY - 2005/6
Y1 - 2005/6
N2 - The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to economize on a critical component of efficient investment decisions-the expertise to sort 'profitable' from 'unprofitable' inventions. Our findings may help explain the surge in university patenting and licensing since the Bayh-Dole Act of 1980. The study also identifies several limitations to the potential efficiency of intermediation in innovation.
AB - The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to economize on a critical component of efficient investment decisions-the expertise to sort 'profitable' from 'unprofitable' inventions. Our findings may help explain the surge in university patenting and licensing since the Bayh-Dole Act of 1980. The study also identifies several limitations to the potential efficiency of intermediation in innovation.
KW - Innovation
KW - Intermediation
KW - Market microstructure
KW - Matching
KW - Patent licensing
KW - Uncertainty
UR - http://www.scopus.com/inward/record.url?scp=20544439010&partnerID=8YFLogxK
U2 - 10.1016/j.ijindorg.2005.03.003
DO - 10.1016/j.ijindorg.2005.03.003
M3 - Article
AN - SCOPUS:20544439010
VL - 23
SP - 483
EP - 503
JO - International Journal of Industrial Organization
JF - International Journal of Industrial Organization
SN - 0167-7187
IS - 5-6
ER -