کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5078035 | 1477331 | 2012 | 13 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Tacit knowledge with innovative entrepreneurship Tacit knowledge with innovative entrepreneurship](/preview/png/5078035.png)
Tacit knowledge affects the trade-off between entrepreneurship and technology transfer. I present a formal model in which an inventor and the existing firm engage in a strategic innovation game by choosing whether to compete or to cooperate through technology transfer. The model highlights how the problem of tacit knowledge affects the inventor's R&D investment and the existing firm's investment in absorptive capacity. The inventor's tacit knowledge implies that benefits from own-use through entrepreneurship can exceed the benefits from technology transfer. In equilibrium, higher-quality inventions result in entrepreneurship and lower-quality inventions result in technology transfer. R&D investment and absorption investment are strategic substitutes in the innovation game with the option of entrepreneurship. The possibility of entrepreneurship increases R&D investment and reduces absorption investment. The equilibrium probability of entrepreneurship is decreasing in the costs of R&D, increasing in the costs of absorption, and decreasing in the set-up costs of new firms.
⺠Tacit knowledge affects the trade-off between entrepreneurship and technology transfer. ⺠An inventor with tacit knowledge obtains own-use benefits through entrepreneurship. ⺠Major inventions tend to result in entrepreneurship and minor inventions in technology transfer. ⺠R&D and absorptive capacity are strategic substitutes in the innovation game. ⺠Entrepreneurship is less likely with higher R&D costs and lower technology transfer costs.
Journal: International Journal of Industrial Organization - Volume 30, Issue 6, November 2012, Pages 641-653