How much should society fuel the greed of innovators?

Dosi, Giovanni; Marengo, Luigi; Pasquali, Corrado

doi:10.1016/j.respol.2006.09.003

Cited by 301 publications

(40 citation statements)

References 29 publications

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“…In sum, this view seems to rest on the core idea that innovation protection mechanisms, which can be enforced by large and well established firms, are effective in fostering innovation. However, innovation protection mechanisms is a much disputed theme on which traditional neoclassical views are challenged by the evolutionarist view [10], so that no assumption is made in the present paper as to how appropriability conditions work in the financial sector.…”

Section: Persistence Of Innovationmentioning

confidence: 99%

“…On the other hand, using patents as an innovation measure may be problematic too, as the link between patents and innovation outputs is still unclear. Roper et al [12] argue that patent activity and firms' innovation are only weakly related, whilst Dosi et al [10] point out that the relationship between patents and innovation tends to differ between sectors and depends on industry-specific knowledge basis. Furthermore, patents may be registered on an irregular basis by the Patent Offices, which may not reflect the periodicity of firms' decision to patent: this would heavily affect outcomes if persistence is to be analyzed [11].…”

Section: Persistence Of Innovationmentioning

confidence: 99%

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Innovation in the Financial Sector: Persistence and Schumpeterian Hypotheses

Napoli¹

2008

JSSM

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The paper analyses innovation features in the German financial sector. The first topic is persistence of innovation. Our research question is: Do innovators plan further innovation for the subsequent year? In addition, since the sector is so far poorly researched, very basic questions are investigated in the paper: the relationship between firm size and innovation (both linear and quadratic), as well as the impact of market structure on innovation (i.e. Schumpeterian and neo-Schumpeterian hypotheses). Finally, Suttons argument of R &amp;amp;amp; D sunk costs is investigated as a possible explanation for persistence. Basing on the CIS IV survey, our empirical evidence is consistent with the results of similar researches carried out in different sectors

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Section: Persistence Of Innovationmentioning

confidence: 99%

Section: Persistence Of Innovationmentioning

confidence: 99%

Innovation in the Financial Sector: Persistence and Schumpeterian Hypotheses

Napoli¹

2008

JSSM

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“…This issue is particularly pertinent to Web technology -a fast paced software industry where inventions can be rendered obsolete before a patent is granted (Orsenigo & Sterzi, 2010). Moreover, by preventing imitation, patents inhibit sequential and complementary inventions that utilize an existing piece of software (Dosi et al, 2006). This hampers aggregate information production and puts patenting at odds with the open innovation practices that are valued in software development (Benkler, 2002;Von Hippel, 2005).…”

Section: Patents As Signals Of Innovationmentioning

confidence: 99%

“…The boom in Web and Internet-related companies during the 1990s occurred against a backdrop of significant reforms in the US patent system, which was being extended into software and business methods (Wagner & Cockburn, 2010). There was also the "NASDAQ regulation (1984) which allowed market entry and listing of firms operating at a deficit on the condition that they had considerable intangible capital composed of IPR [intellectual property rights]" (Dosi et al, 2006). Such regulations enabled IPR requirements to lower the standards for market entry, precipitating a wave of financially under-performing firms on the NASDAQ during the 1990s (Klein & Mohanram, 2004).…”

Section: Patents As Signals Of Innovationmentioning

confidence: 99%

Innovation on the web: the end of the S-curve?

2020

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Rigorous research into the historical past of Web technologydriven innovation becomes timely as technological growth and forecasting are attracting popular interest. Drawing on economic and management literature relating to the typical trends of technological innovation, we examine the long-term development of Web technology in a theoretically informed and empirical manner. An original longitudinal dataset of 20,493 Web-related US patents is used to trace the growth curve of Web technology between the years of 1990 through 2013. We find that the accumulation of corporate Web inventions followed an S-shaped curve which shifted to linear growth after year 2004. This transition is unusual in relation to the traditional S-curve model of technological development that typically approaches a limit. The point of inflection on the S-curve coincided reasonably closely with the timing of the dot-com crash in year 2000. Moreover, we find a complex bi-directional relationship between patenting rates in Web technology and movements in the NASDAQ composite stock index. The implications of these results are discussed in theoretical and practical terms for sustained technological growth. Specific recommendations for different stakeholders in commercial Web development are included. ARTICLE HISTORY

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“…Dosi et al [24] analyzed the relations between appropriability, opportunities and rates of innovation. The evidence from the study suggested that IPRs were not a very important mechanism for breeding firms to earn profits from their innovation.…”

Section: Review Of Empirical Studies On the Relationship Between Iprsmentioning

confidence: 99%

The Effects of Plant Breeders’ Rights on Wheat Productivity and Varietal Improvement in South African Agriculture

2019

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The strengthening of the intellectual property rights (IPRs) for plant varieties provide incentives for breeding companies to invest more resources in plant breeding. The main objective of this paper was to analyze the effects of strengthening the wheat variety intellectual protection on wheat productivity and the release of new varieties. The strength of IPR systems was measured using an intellectual property (IP) protection index, and plant breeders’ rights (PBRs) granted for wheat varieties. The empirical analyses were based on correlation and multiple regression analyses. The results showed that strengthening IPR systems in South Africa contribute to improving wheat productivity and increasing the number of wheat varieties released. Furthermore, although the robust coefficients of the other IPR variables are positive, they are statistically insignificant for all scenarios. There is a need for more incentives beyond granting PBRs and strengthening of IPR systems to be provided in the whole wheat sector to stimulate increased investments and the release of new varieties.

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How much should society fuel the greed of innovators?

Cited by 301 publications

References 29 publications

Innovation in the Financial Sector: Persistence and Schumpeterian Hypotheses

Innovation in the Financial Sector: Persistence and Schumpeterian Hypotheses

Innovation on the web: the end of the S-curve?

The Effects of Plant Breeders’ Rights on Wheat Productivity and Varietal Improvement in South African Agriculture

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