Showing 1 - 10 of 12
This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude … toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns …'s willingness to work with the uncertain technology.The general equilibrium setting allows us to explore the impact of innovation on …
Persistent link: https://www.econbiz.de/10011092399
This paper uses a cognitive theory of firms and organizations, with a focus on learning and innovation.Here, cognition … collaboration between firms, for learning and innovation, in the combination of capabilities between rather than within the firm …
Persistent link: https://www.econbiz.de/10011090370
The objective of data mining is the extraction of knowledge from databases. In practice, one often encounters … difficulties with models that are constructed purely by search, without incorporation of knowledge about the domain of application …
Persistent link: https://www.econbiz.de/10011092627
The assessment of knowledge derived from databases depends on many factors. Decision makers often need to convince … others about the correctness and effectiveness of knowledge induced from data.The current data mining techniques do not … contribute much to this process of persuasion.Part of this limitation can be removed by integrating knowledge from experts in the …
Persistent link: https://www.econbiz.de/10011092720
of those choices, namely, subunit interdependencies and knowledge transfer costs.We test our predictions with a …
Persistent link: https://www.econbiz.de/10011092876
This paper gives a survey of insights into inter-firm alliances and networks for innovation, from a constructivist …, interactionist perspective on knowledge, which leads to the notion of 'cognitive distance'.It looks at both the competence and the … myopia that, for the sake of innovation, needs to be complemented by means of outside relations with other firms, at larger …
Persistent link: https://www.econbiz.de/10011092744
This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success.The uncertainty about future success gradually diminishes with the arrival of additional funding.The entrepreneur controls the funds and can divert...
Persistent link: https://www.econbiz.de/10011090781
Persistent link: https://www.econbiz.de/10011091023
As becomes apparent from the standard text books in industrial organization (cf.Tirole, 1988, The Theory of Industrial Organization), the analysis of the e.ects of uncertainty within this field is yet underdeveloped.This paper shows that the new theory of strategic real options can be used to...
Persistent link: https://www.econbiz.de/10011091572
In this paper we test the relation between cognitive distance and innovation performance of firms engaged in technology …-based alliances.The key finding is that the hypothesis of an inverted U-shaped effect of cognitive distance on innovation performance …
Persistent link: https://www.econbiz.de/10011091844