This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

We study the holdup problem in repeated transactions between a seller and a buyer such that the seller makes relation-specific investments in each period. We show that where, under spot transaction, formal contracts have no value because of the cooperative nature of investment, writing a simple...

Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Vaikka yritysten välistä verkostomaista yhteistyötä pidetään yleisesti yhtenä niiden liiketaloudellista menestystä tukevana tekijänä, aihetta on tutkittu varsin vähän. Tässä tutkimuksessa hyödynnämme Eurostatin ja kansallisten tilastokeskusten muutaman vuoden takaisessa...

Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...

The paper explains why some firms transfer their technology to competitors without direct compensation. We consider a Hotelling market where duopolists sell products with different qualities. This market consists of heterogeneous consumers, comprising two groups in terms of their valuations of...

Die IT Infrastructure Library (ITIL) gilt heute als weltweit führender De-facto-Standard für das IT-Servicemanagement (ITSM). Obwohl der Standard mittlerweile in der in 2007 veröffentlichten dritten Version vorliegt, haben Datenschutzbelange bis heute kaum Eingang gefunden. Das Arbeitspapier...

The paper investigates how competition between two multiproduct downstream firms in vertical relationships affects horizontal relationships: competitor collaboration and performance difference. When the upstream market consists of exclusive suppliers, the efficient firm may have incentive for...