Does Software Actually Slow Innovation?
Capitalisn't
How Do You Make That Explicit?
There's evidence that the degree to which dominant firms in an industry invests in intangibles is slower. It goes along with understanding off how these firms grew and the nature of their technology. The property rights are not necessarily helpful, particularly as the pendulum has been going towards greater and greater restrictions on employee knowledge. All that limits the ability of employees to go and take what knowledge they've learned,. often not patented knowledge, and use it elsewhere.
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