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  • P-ISSN 1738-656X
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한국개발연구. Vol. 28, No. 1, June 2006, pp. 219-231

https://doi.org/10.23895/kdijep.2005.28.1.219

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What Motivates Start-up Firms When Innovations are Sequential?

In-Uck Park

Author & Article History

Manuscript .

Abstract

This paper presents a dynamic analysis of the interaction between incumbent firms and successful new entrepreneurs, that can provide R&D incentives when innovations are cumulative/sequential. It is argued that the insights of the basic model extend to varying market structures and regulatory environments.

Keywords

Sequential Innovation(순차적인 혁신), Patent(특허권), Venture Capital(위험부담자본)

JEL Code

31

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