Nicolas Petit @competitionprof.bsky.social · 13/01/2025Thirdly, the estimate that inventors' innovative output declines by 6 to 11% when joining an incumbent firm is relatively small and may be considered de minimis. 11/N 100
Nicolas Petit @competitionprof.bsky.social · 13/01/2025More importantly, from an institutional perspective, incumbent firms—particularly diversified conglomerates like big tech—may use means other than patents to appropriate innovations. 12/N 100
Nicolas Petit @competitionprof.bsky.social · 13/01/2025Our colleague and coauthor David Teece highlighted this in his seminal 1980 paper on "Economies of scope and the scope of the enterprise" 13/N 100
