Showing 1 - 10 of 18
How do firms create and capture value in large technical systems? In this paper, I argue that the points of both value creation and value capture are the system's bottlenecks. Bottlenecks arise first as important technical problems to be solved. Once the problem is solved, the solution in...
Persistent link: https://www.econbiz.de/10010484928
Modularity is a means of partitioning technical knowledge about a product or process. When state-sanctioned intellectual property rights are ineffective or costly to enforce, modularity can be used to hide information and thus protect intellectual property (IP). We investigate the impact of...
Persistent link: https://www.econbiz.de/10013113326
Modularity describes the degree to which a complex system can be broken apart into subunits (modules) which can be recombined in various ways. Modularity is important for organizations and the economy because the boundaries of organizational units and corporations are likely to match the...
Persistent link: https://www.econbiz.de/10013097736
In this paper we explain how firms seeking to take advantage of distributed innovation and outsourcing can bridge the tension between value creation and value capture by modifying the modular structure of their technical systems. Specifically, we introduce the concept of “IP modularity”, a...
Persistent link: https://www.econbiz.de/10013090528
Our paper tests a key prediction of property rights theory, specifically, that agents will respond to marginal incentives embedded in property rights when making non-contractible, revenue-enhancing investments. (Grossman and Hart, 1986; Hart and Moore, 1990). Using rich project-level data from the...
Persistent link: https://www.econbiz.de/10013090583
Systems of distributed innovation – so-called business ecosystems – have become increasingly prevalent in many industries. These entities generally encompass numerous corporations, individuals, and communities that might be individually autonomous but related through their connection with an...
Persistent link: https://www.econbiz.de/10013066123
The existing theory of modularity explains how modular designs create value. We extend this theory to address value appropriation. A product or process design that is modular with respect to intellectual property (IP) allows firms to better capture value in situations where knowledge and value...
Persistent link: https://www.econbiz.de/10012707371
The boundaries and contours of design sciences continue to undergo definition and refinement. In many ways, the sciences of design defy disciplinary characterization. They demand multiple epistemologies, theoretical orientations (e.g. construction, analysis or intervention) and value...
Persistent link: https://www.econbiz.de/10012707492
The central role of quot;platformquot; products and services in mediating the activities of disaggregated quot;clustersquot; or quot;ecosystemsquot; of firms has been widely recognized. But platforms and the systems in which they are embedded are very diverse. In particular, platforms may exist...
Persistent link: https://www.econbiz.de/10012707516
Modularity is a means of partitioning technical knowledge about a product or process. When state-sanctioned intellectual property (IP) rights are ineffective or costly to enforce, modularity can be used to hide information and thus protect IP. We investigate the impact of modularity on IP...
Persistent link: https://www.econbiz.de/10013034413