Economists studying innovation and technological change have made significant progress toward understanding firms …' profit incentives as drivers of innovation. However, innovative performance in firms should also depend heavily on the …

errors. Momentum arises from the investor gradually learning about the relative accuracy of the information sources and …

Total productivity learning curve results are reported for several departments of an electronic equipment manufacturer … behavioral and cognitive determinants of considerable diversity across departments in learning curve parameters. The field … investigation suggested that three forms of shared learning are critical to manufacturing productivity improvement: (1) sharing …

This paper identifies four groups among 113 Fortune 500 manufacturers that approach innovation quite differently. The …. Both product innovation and financial performance differ significantly over the groups, and a group of 42 firms that invest … heavily in innovation perform best financially. A smaller group of firms that are not innovative but which follow a strategy …

Contests are a historically important and increasingly popular mechanism for encouraging innovation. A central concern … in designing innovation contests is how many competitors to admit. Using a unique data set of 9,661 software contests, we … and the nature of the problem should be explicitly considered in the design of innovation tournaments. We explore the …

A common approach to innovation, parallel search, is to identify a large number of opportunities and then to select a … innovation. …

External acquisition of new technology is a growing trend in the innovation and product development process …