About the end of 2006, Microsoft began delivering its new Windows Vista PC operating system to large commercial customers, followed by final users and small businesses. Even before the product reached the market, the dominant provider of PC operating systems worldwide was accused over and over...

We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market their innovations when they pioneer a new generation...

This paper studies the effectiveness of collusion in the DRAM cartel. Like other high technology products, DRAM is characterized by learning-by-doing and multiproduct competition. I hypothesize that collusion is more difficult to sustain on a new generation, where learning is high, than an old...

The paper introduces preference persistence into a dynamic discrete choice model of demand for durables. This persistence may arise, for example, when the products can be categorized into a few number of formats, which involve special knowledge, maintenance and upgrade. The standard optimal...

Nanotechnologie ist eine technologische Innovation, die aufgrund ihrer absehbaren vielfältigen Anwendungsmöglichkeiten große Hoffnungen auf neue Wachstumschancen der Wirtschaft weckt. Derzeit befindet sich die Nanotechnologie noch überwiegend in einer Phase der Grundlagenforschung, in...

Am Beispiel der IKT-Wirtschaft zeigt sich, dass junge Unternehmen stärker als etablierte dazu neigen, bei ihren Produkt- und Verfahrensinnovationen auch neue IKT-Lösungen zu entwickeln und anzuwenden. Start-ups der IKT-Wirtschaft spielen damit nicht nur eine wichtige Rolle für die...

This paper provides an overview of the currently available evidence on the importance of information and communication technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence of an increased contribution of ICT to...

This paper provides an assessment of the impact of the covered bond purchase programme (hereafter referred to as the CBPP) relative to its policy objectives. The analysis presented on the impact of the CBPP on both the primary and secondary bond markets indicates that the Programme has been an...

We study the role that switching costs, compatibility, and mergers and acquisitions, play in influencing the evolution of a multi-market industry. By looking at the case of the Local Area Networking industry, we propose a 'history friendly model' to replicate its evolution during the 1990s. Our...

The purpose of this paper is to examine the explaining factors of the market leadership of two Brazilian companies in specialized fields of the Information and Communication Technologies (ICT) sector. Whilst Totvs is a software house, dedicated to the Enterprise Resource Planning (ERP) segment...