Opening the black box of innovation

Philippe Aghion; Jean Tirole

doi:10.1016/0014-2921(94)90105-8

Opening the black box of innovation

Philippe Aghion^*, Jean Tirole

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

35 Scopus citations

Abstract

The paper views the R&D process as encompassing several actors with dissonant objectives: the creators, the financiers, the owners of the patent, and the users of the innovation. It endogenizes the governance of R&D and the distribution of investments, patent rights, and return streams among the actors. Such an approach is able to provide theoretical foundations for the observed organization and the legal treatment of R&D and for an interpretation of the empirical evidence on Schumpeterian hypotheses. It can also help frame public intervention in the R&D sector.

Original language	English (US)
Pages (from-to)	701-710
Number of pages	10
Journal	European Economic Review
Volume	38
Issue number	3-4
DOIs	https://doi.org/10.1016/0014-2921(94)90105-8
State	Published - Apr 1994
Externally published	Yes

Funding

author. The second author is grateful to Commissariat du Plan and to the d’Etudes des Tt-l&communications (CNET) for financial support.

Keywords

Management of innovation
R&D
Research joint venture
Schumpeterian hypothesis
Vertical integration

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0014-2921(94)90105-8

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title = "Opening the black box of innovation",

abstract = "The paper views the R&D process as encompassing several actors with dissonant objectives: the creators, the financiers, the owners of the patent, and the users of the innovation. It endogenizes the governance of R&D and the distribution of investments, patent rights, and return streams among the actors. Such an approach is able to provide theoretical foundations for the observed organization and the legal treatment of R&D and for an interpretation of the empirical evidence on Schumpeterian hypotheses. It can also help frame public intervention in the R&D sector.",

keywords = "Management of innovation, R&D, Research joint venture, Schumpeterian hypothesis, Vertical integration",

author = "Philippe Aghion and Jean Tirole",

note = "Funding Information: author. The second author is grateful to Commissariat du Plan and to the d{\textquoteright}Etudes des Tt-l&communications (CNET) for financial support.",

year = "1994",

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doi = "10.1016/0014-2921(94)90105-8",

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AU - Aghion, Philippe

AU - Tirole, Jean

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PY - 1994/4

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N2 - The paper views the R&D process as encompassing several actors with dissonant objectives: the creators, the financiers, the owners of the patent, and the users of the innovation. It endogenizes the governance of R&D and the distribution of investments, patent rights, and return streams among the actors. Such an approach is able to provide theoretical foundations for the observed organization and the legal treatment of R&D and for an interpretation of the empirical evidence on Schumpeterian hypotheses. It can also help frame public intervention in the R&D sector.

AB - The paper views the R&D process as encompassing several actors with dissonant objectives: the creators, the financiers, the owners of the patent, and the users of the innovation. It endogenizes the governance of R&D and the distribution of investments, patent rights, and return streams among the actors. Such an approach is able to provide theoretical foundations for the observed organization and the legal treatment of R&D and for an interpretation of the empirical evidence on Schumpeterian hypotheses. It can also help frame public intervention in the R&D sector.

KW - Management of innovation

KW - R&D

KW - Research joint venture

KW - Schumpeterian hypothesis

KW - Vertical integration

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EP - 710

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JF - European Economic Review

IS - 3-4

ER -

Opening the black box of innovation

Abstract

Funding

Keywords

ASJC Scopus subject areas

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