{"id":"https://openalex.org/W2026320573","doi":"https://doi.org/10.2139/ssrn.257591","title":"Rewarding Sequential Innovators: Prizes, Patents and Buyouts","display_name":"Rewarding Sequential Innovators: Prizes, Patents and Buyouts","publication_year":2001,"publication_date":"2001-01-01","ids":{"openalex":"https://openalex.org/W2026320573","doi":"https://doi.org/10.2139/ssrn.257591","mag":"2026320573"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.257591","doi":"https://doi.org/10.2139/ssrn.257591","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.257591","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.257591","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078930385","display_name":"Gerard Llobet","orcid":"https://orcid.org/0000-0002-6421-5890","observed_orcids":["https://orcid.org/0000-0002-6421-5890"]},"institutions":[{"id":"https://openalex.org/I4210121976","display_name":"Centro de Estudios Monetarios y Financieros","ror":"https://ror.org/035h6g182","country_code":"ES","type":"education","lineage":["https://openalex.org/I4210121976"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["ES","GB"],"is_corresponding":true,"raw_author_name":"Gerard Llobet","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR), London, United Kingdom","Centre for Monetary and Financial Studies (CEMFI), Casado del Alisal 5, 28014 Madrid, SPAIN","Centre for Economic Policy Research (CEPR)","Centre for Monetary and Financial Studies (CEMFI)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Centre for Monetary and Financial Studies (CEMFI), Casado del Alisal 5, 28014 Madrid, SPAIN","institution_ids":["https://openalex.org/I4210121976"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Centre for Monetary and Financial Studies (CEMFI)","institution_ids":["https://openalex.org/I4210121976"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012606211","display_name":"Hugo A. Hopenhayn","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I161318765","display_name":"University of California, Los Angeles","ror":"https://ror.org/046rm7j60","country_code":"US","type":"education","lineage":["https://openalex.org/I161318765"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Hugo A. Hopenhayn","raw_affiliation_strings":["University of California, Los Angeles (UCLA) - Department of Economics, Box 951477, Los Angeles, CA 90095-1477, United States","University of California, Los Angeles (UCLA) - Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California, Los Angeles (UCLA) - Department of Economics, Box 951477, Los Angeles, CA 90095-1477, United States","institution_ids":["https://openalex.org/I161318765"]},{"raw_affiliation_string":"University of California, Los Angeles (UCLA) - Department of Economics","institution_ids":["https://openalex.org/I161318765"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5047201435","display_name":"Matthew F. Mitchell","orcid":"https://orcid.org/0000-0002-3806-4582","observed_orcids":["https://orcid.org/0000-0002-3806-4582"]},"institutions":[{"id":"https://openalex.org/I185261750","display_name":"University of Toronto","ror":"https://ror.org/03dbr7087","country_code":"CA","type":"education","lineage":["https://openalex.org/I185261750"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Matthew F. Mitchell","raw_affiliation_strings":["Rotman School of Management, Toronto, Ontario M5S 3E6, Canada","Rotman School of Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rotman School of Management, Toronto, Ontario M5S 3E6, Canada","institution_ids":["https://openalex.org/I185261750"]},{"raw_affiliation_string":"Rotman School of Management","institution_ids":["https://openalex.org/I185261750"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5078930385"],"corresponding_institution_ids":["https://openalex.org/I4210121976","https://openalex.org/I4210140326"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":37,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10856","display_name":"Intellectual Property and Patents","score":0.9794999957084656,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10856","display_name":"Intellectual Property and Patents","score":0.9794999957084656,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.003100000089034438,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13842","display_name":"Intellectual Property Law","score":0.002099999925121665,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cumulative-innovation","display_name":"cumulative innovation","score":0.9089999794960022},{"id":"https://openalex.org/keywords/innovation-prizes","display_name":"innovation awards","score":0.6819999814033508},{"id":"https://openalex.org/keywords/property-rights-assignment","display_name":"property rights assignment","score":0.8569999933242798},{"id":"https://openalex.org/keywords/private-information","display_name":"private information","score":0.5740000009536743},{"id":"https://openalex.org/keywords/innovation-incentives","display_name":"innovation incentives","score":0.5899999737739563},{"id":"https://openalex.org/keywords/price-ceiling","display_name":"price ceiling","score":0.49000000953674316},{"id":"https://openalex.org/keywords/idea-quality","display_name":"idea quality","score":0.38199999928474426},{"id":"https://openalex.org/keywords/development-effort","display_name":"development effort","score":0.33899998664855957}],"concepts":[{"id":"https://openalex.org/C2776473838","wikidata":"https://www.wikidata.org/wiki/Q174165","display_name":"Innovator","level":3,"score":0.8316845893859863},{"id":"https://openalex.org/C2777489069","wikidata":"https://www.wikidata.org/wiki/Q1589822","display_name":"Ceiling (cloud)","level":2,"score":0.690280020236969},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6724854707717896},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5572839975357056},{"id":"https://openalex.org/C2778012447","wikidata":"https://www.wikidata.org/wiki/Q1034415","display_name":"Scope (computer science)","level":2,"score":0.5466079115867615},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.47531968355178833},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4532802700996399},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.44114840030670166},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.43075501918792725},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3499264121055603},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2021068036556244},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.14684855937957764},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1354599893093109},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08794015645980835},{"id":"https://openalex.org/C66938386","wikidata":"https://www.wikidata.org/wiki/Q633538","display_name":"Structural engineering","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.2139/ssrn.257591","doi":"https://doi.org/10.2139/ssrn.257591","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.257591","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:cla:levarc:618897000000000682","doi":null,"is_oa":false,"landing_page_url":"http://www.dklevine.com/archive/hopenhayn-buyouts.pdf","pdf_url":"http://www.dklevine.com/archive/hopenhayn-buyouts.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:cmf:wpaper:wp2000_0012","doi":null,"is_oa":false,"landing_page_url":"https://www.cemfi.es/ftp/wp/0012.pdf","pdf_url":"https://www.cemfi.es/ftp/wp/0012.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.148.203","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.148.203","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.mpls.frb.org/research/sr/SR273.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.200.8704","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.200.8704","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://fmwww.bc.edu/RePEc/es2000/1650.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.216.4830","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.216.4830","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.dklevine.com/archive/hopenhayn-buyouts.pdf","raw_type":"text"}],"best_oa_location":{"id":"doi:10.2139/ssrn.257591","doi":"https://doi.org/10.2139/ssrn.257591","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.257591","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":6,"referenced_works":["https://openalex.org/W775441722","https://openalex.org/W2249850004","https://openalex.org/W2615657378","https://openalex.org/W2619841187","https://openalex.org/W2978123311","https://openalex.org/W4211130144"],"related_works":["https://openalex.org/W1540888667","https://openalex.org/W2356530795","https://openalex.org/W2461253778","https://openalex.org/W1923069955","https://openalex.org/W1889534763","https://openalex.org/W2008910875","https://openalex.org/W7095355060","https://openalex.org/W7096851209","https://openalex.org/W3121583531","https://openalex.org/W3004591121"],"abstract_inverted_index":null,"counts_by_year":[{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
