Innovation is the result of intentional decision-making that takes place in out-of-equilibrium conditions. The farther … equilibrium and the stronger the likelihood for innovation to take place. The hypothesis of a U-relationship between levels of …

The new understanding of the characteristics of knowledge indivisibility and knowledge appropriability makes it … technological knowledge. Pecuniary externalities affect access to external knowledge and its localized appropriation, by the … convergence of the directed features of the knowledge generated at the firm level and explains the path dependent emergence of …