Firm Matching in the Market for Technology: Business Stealing and Business Creation*
研究了技术转让中技术重叠和产品市场重叠对匹配模式的影响，发现产品市场重叠抑制匹配（暗示商业窃取），技术邻近促进匹配（暗示商业创造），并评估了知识产权的作用。
We propose an empirical framework for studying the prevalence of business creation and business stealing in technology transfers from the effect of technological overlap and product market overlap. We estimate the model on a new dataset that tracks interactions in the market for technology between publicly held US companies. Product market overlap has a negative effect on matching patterns that is suggestive of business stealing while technological proximity has a positive effect that is consistent with business creation. We assess the relevance of IP rights in deterring undesirable technology adoptions and discuss the suitability of alternative strategies of technology exchange.