Showing 1 - 10 of 202
This article employs Agent-Based Computational Economics (ACE) to investigate whether, and under what conditions, trust is viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents develop trust in a partner as a function of observed...
Persistent link: https://www.econbiz.de/10011091766
This article connects theory of learning with theory of governance, in the context of inter-firm relations … relational risk are identified: hold-up and spillover risk.For the governance of relations, i.e. the control of relational risk …
Persistent link: https://www.econbiz.de/10011092081
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 of firms is confirmed.Moreover, as...
Persistent link: https://www.econbiz.de/10011091844
governance side of relationships.Given cognitive distance, organizations need to align cognition sufficiently to enable the fast … cognitive distance. Hence the importance of networks for innovation.On the governance side, the paper gives a review of … density and strength of ties in innovation networks, concerning both competence and governance. …
Persistent link: https://www.econbiz.de/10011092744
In this paper we analyze the innovative performance of alliance networks as a function of the technological distance between partners, a firm's network position (centrality) and total network density.We study how these three elements of an alliance network, apart and in combination, affect the...
Persistent link: https://www.econbiz.de/10011090286
This chapter pleads for more inspiration from human nature, in agent-based modeling.As an illustration of an effort in that direction, it summarizes and discusses an agentbased model of the build-up and adaptation of trust between multiple producers and suppliers.The central question is whether,...
Persistent link: https://www.econbiz.de/10011092096
In this article we provide an empirical illustration of hypotheses, developed in the literature, on the role of density and strength of ties in innovation networks.We study both exploration and exploitation networks in the Dutch multimedia and pharmaceutical biotechnology industry.We find...
Persistent link: https://www.econbiz.de/10011091807
representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value …-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer … in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a …
Persistent link: https://www.econbiz.de/10011092649
Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant empirical literature is highly controversial, the theoretical literature is scarce. I analyze the question by modeling duopoly competition with quality-differentiated goods. I...
Persistent link: https://www.econbiz.de/10011090604
of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …
Persistent link: https://www.econbiz.de/10011091595