innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at …

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …

This paper presents a dynamic partial equilibrium model that endogenizes firms' investment decision on innovation …: product innovation causes horizontal expansion growth, and process innovation causes vertical expansion growth. Market … structure in different markets emerges as a consequence of different investment on innovation opportunities. Main variables that …

satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that … firms endogenously form a number of distinguishable industries as accumulated knowledge induces them to agglomerate in the … technology space. Knowledge accumulation in existing industries reduces production costs, but, as the diminishing returns from …

of selection and intensity. The primary findings are: First, greater deregulation and competition has a positive effect … competition and level and policies for stranded cost recovery do affect spending. Second, the response of R&D to financial and … effective retail competition may mitigate the problem of declining electricity R&D by the utilities. …

cumulative innovations and the impact of possible competition between rival software development teams are considered. …