Intellectual monopolies as a new pattern of innovation and technological regime

Author:

Rikap Cecilia123

Affiliation:

1. Institute for Innovation and Public Purpose, University College London , 11 Montague St, London WC1B 5BP, UK . e-mail: c.rikap@ucl.ac.uk

2. COSTECH, Université de Technologie de Compiègne , France

3. CONICET , Argentina

Abstract

Abstract Building on Schumpeter Mark I and Mark II, I propose an additional pattern of innovation and technological regime called the intellectual monopoly (IM) to explain the co-habitation of large incumbent firms with high entry and exit rates and provide evidence for pharmaceuticals and information technologies. I associate the IM pattern and technological regime with corporate innovation systems and illustrate that patterns not only evolve after changes in technological regimes but also due to economic, political, and institutional transformations.

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics,General Economics, Econometrics and Finance,Management of Technology and Innovation

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