Deals Not Done: Sources of Failure in the Market for Ideas
---- Acknowledgments ----
We thank Ernie Berndt, Wes Cohen, Alberto Galasso, Joshua Gans, Nicola Lacetera, Andrea Mina, Matt Mitchell, Mike Scherer, Kristina Steffenson McElheran, Fernando Suarez, Marie Thursby, and participants at the Rotman lunch seminar, DRUID, the NBER Productivity Lunch, and the NBER Summer Institute for helpful comments, as well as the Licensing Executives Society (USA & Canada) for facilitating this research. We gratefully acknowledge funding from SSHRC, the Martin Prosperity Institute, and the Centre for Innovation and Entrepreneurship at the University of Toronto. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.