Die interaktive Wertschöpfung hybrider Leistungen erfreut sich wachsender Verbreitung undBedeutung. Für Unternehmen birgt sie als Grundlage nachhaltiger Innovationsstrategiendarüber hinaus besonderes ökonomisches Potential, da eine erfolgreiche Implementierungüber inkrementelle...

The challenges faced by businesses in Europe are determined by the increasing amount of competition in global commodity markets and also changing conditions in employment markets. Much more efficient information and communication technology (IT and internet), decreasing importance of...

Does competitive pressure foster innovation? In addressing this important question, priorstudies ignored a distinction between discrete innovation aiming at entirely new technologyand continuous improvement consisting of numerous incremental improvements andmodifications made upon the existing...

This paper analyzes a procurement setting with two identical firms and stochasticinnovations. In contrast to the previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first-price auction since holding an auction may leave higher rents...

We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when R&D productivities are sufficiently low (high), and...

Zusammenfassung der Ergebnisse der Sitzung des Arbeitskreises Mittelstand der Friedrich-Ebert-Stiftung vom 16. Juni 2004

We find little support for the Schumpeterian hypothesis of a positiverelationship between market power and innovation in 1950’s Britain eventhough many economists and policymakers accepted it at the time. Pricefixingagreements were very widespread prior to the 1956 RestrictivePractices Act and...