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, especially between the developing and the developed world. In this paper we present the results of a trend analysis in Germany … discussing the relevance of frugal innovation for Germany. These insights were then verified in 20 semi-structured interviews … predicted a trend towards frugal solutions in Germany due to a complex interplay of various factors. One notable factor was a …
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This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can...
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