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In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market …, however, firms also change their own competitive position in the market as well as the overall market structure. We analyze …
Persistent link: https://www.econbiz.de/10010316852
one market to steer users toward its products in other markets. Due to this "cross-market leverage," a market leader at an … contrast, other firms have no or smaller incentives for takeovers, explaining why ecosystems grow out of market leaders at … access points. Conversely, cross-market leverage also implies that once an ecosystem has grown, it has an increased value of …
Persistent link: https://www.econbiz.de/10015045451
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10010272466
This paper presents a critical overview of some recent attempts at building formal models of organizations as information-processing and problem-solving entities. We distinguish between two classes of models according to two distinct objects of analysis. The first class includes models mainly...
Persistent link: https://www.econbiz.de/10010328477
Abstract: In the dynamic game we analyze, players are the members of a ?xed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a ?nite number of periods to centralize the initially dispersed items in the hands of any one member...
Persistent link: https://www.econbiz.de/10010334059
To assess the merits of the market for corporate control, this paper examines two processes which standard analysis … an evolutionary trial-and-error process, where the market for corporate control plays a crucial role. …
Persistent link: https://www.econbiz.de/10010334711
noisy feedback from the market. Depending on a set of traits different from those driving the entry process into the market …, entrepreneurs decide to either stay or leave the market. Our learning-based model generates survival rates decreasing at decreasing …
Persistent link: https://www.econbiz.de/10011301401
We document that the speed of information dissemination within mutual fund families positively affects the performance of member funds. This suggests that the resulting benefits of higher information precision far outweigh free-riding costs associated with fast internal dissemination. The...
Persistent link: https://www.econbiz.de/10011306658
We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective "specialized solvers" by relying on local information alone. The...
Persistent link: https://www.econbiz.de/10011324954
In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors in the network benefit from each other's action levels through local complementarities and there exists a global interaction effect reflecting a strategic substitutability in...
Persistent link: https://www.econbiz.de/10011663176