Firm Matching in the Market for Technology: Business Stealing and Business Creation*

Pere Arqué-Castells*, Daniel F. Spulber

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

We propose an empirical framework for studying the prevalence of business creation and business stealing in technology transfers from the effect of technological overlap and product market overlap. We estimate the model on a new dataset that tracks interactions in the market for technology between publicly held US companies. Product market overlap has a negative effect on matching patterns that is suggestive of business stealing while technological proximity has a positive effect that is consistent with business creation. We assess the relevance of IP rights in deterring undesirable technology adoptions and discuss the suitability of alternative strategies of technology exchange.

Original languageEnglish (US)
Pages (from-to)961-1003
Number of pages43
JournalJournal of Industrial Economics
Volume71
Issue number4
DOIs
StatePublished - Dec 2023

ASJC Scopus subject areas

  • Accounting
  • General Business, Management and Accounting
  • Economics and Econometrics

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