Showing 1 - 10 of 11
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. “Steeper†securities are better surplus extractors that narrow the gap...
Persistent link: https://www.econbiz.de/10010556730
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10008501956
Standards and norms are central objects for institutional studies. However, their role in innovation and the creation … between standard setting and innovation, in the context of emerging organizational fields. We consider standardization in … emerging fields as a socio-technical process, which must simultaneously promote a certain degree of innovation and enroll …
Persistent link: https://www.econbiz.de/10010583793
paper investigates the role of contracts, a hitherto understudied innovation influent, in generating more conducive … sustainable energy innovation and the design project. Furthermore, the dynamics lead to favouring of uptake of existing … policy intervention for innovation supportive dynamics in construction projects. …
Persistent link: https://www.econbiz.de/10010583795
, notably industry, when it comes to innovation; as mechanically responding to external (client) needs and implementing … those related to innovation and sustainability. …
Persistent link: https://www.econbiz.de/10010583796
Judging from the number of communities and cities striving or claiming to be sustainable and how often eco-development is invoked as the means for urban regeneration, it appears that sustainable and eco-development have become "the leading paradigm within urban development" (Whitehead 2003). But...
Persistent link: https://www.econbiz.de/10010583798
How does innovation come about in a highly institutionalized field like the construction sector? The construction … national legislation. It tends to lag behind other sectors of the economy when it comes to innovation, being perceived as … offers a unique opportunity to study in real time how innovation emerges within a highly institutionalized field. …
Persistent link: https://www.econbiz.de/10010584072
L'aménagement durable comme opportunité d'innovation. Les éco-territoires représentent une opportunité d'innovation …
Persistent link: https://www.econbiz.de/10010820877
The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning bid and stressed that this gives firms an incentive to signal strength through their bids, to the benefit of the innovator. In the present paper we examine whether revealing...
Persistent link: https://www.econbiz.de/10011140993