Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281190 
Year of Publication: 
2023
Series/Report no.: 
IWH Discussion Papers No. 22/2023
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
This paper proposes a model that explains both recently documented facts about the decline of disruptive innovation and the decline in productivity growth as the result of large firms trying to monopolize technologies by poaching inventors from disruptive activities. To come to this conclusion, the paper builds an endogenous growth model with inventor labor markets on which firms can interact strategically. To inform this model, I perform an event study of the effect of disruptive inventions on their technology fields using PATSTAT (1980-2010). I document that technology classes without disruption slowly trend towards incrementalism and that after a disruption, more patents get registered and research becomes less incremental.
Subjects: 
disruptive innovation
general equilibrium
general purpose technology
innovation strategies
inventor labor markets
microeconometrics
JEL: 
J24
J42
J44
O12
O33
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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