Richard Nelson

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ARvH DvH JRJ ACKNOWLEDGEMENTS The research reported on in this book spans a period of twelve years. In that time I have been helped by many colleagues, students, innovators, and research sponsors. I have striven to make the research and this book worthy of the generous help I have been given. for giving me many valuable comments as the research proceeded. I(More)
The question of how initial resource endowments—the stocks of resources that entrepreneurs contribute to their new ventures at the time of founding—affect organizational life chances is one of significant interest in organizational ecology, evolutionary theory, and entrepreneurship research. Using data on the life histories of all 134 firms founded to(More)
This paper presents the results of an investigation into the application flow control technique utilised by YouTube. We reveal and describe the basic properties of YouTube application flow control, which we term block sending, and show that it is widely used by YouTube servers. We also examine how the block sending algorithm interacts with the flow control(More)
I would like to begin with two generally accepted propositions: First, technological change is a major ingredient of long-term economic growth, and second, technological change is characterized by a high degree of uncertainty. Understanding the nature of these uncertainties and the obstacles to surmounting them is not a trivial matter. Rather, it goes to(More)
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, the authors found just two dozen studies, over half of which (fourteen) had been conducted since 2000. Since some financial innovations are examined by more than one study, only fourteen distinct phenomena have been covered. Especially striking is the fact that(More)
Many research universities engage in efforts to license inventions developed by university-affiliated inventors. However, no systematic explanation of the conditions under which university inventions will be licensed or commercialized has been provided. Drawing on transaction cost economics, I provide a conceptual framework to explain which university(More)