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This paper studies a two-stage R&D race, in which, at the outset, firms are uncertain regarding the viability of the project. Learning through experimentation introduces a bilateral (dynamic) feedback mechanism. For relatively low-value products, the equilibrium cutoff belief coincides with the...
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part of their curriculum in an international business program in the Netherlands. We exploit the fact that companies are …
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45 real companies as part of their curriculum in an international business program in the Netherlands. We exploit the …
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from 19 other experiments find mixed support for this theory …
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Contests have a long history of driving innovation, and web-based information technology has opened up new possibilities for managing tournaments. One such possibility is the visibility of entries – some web-based platforms now allow participants to observe others’ submissions while the...
Persistent link: https://www.econbiz.de/10013293325
Theory-building with cases is (a) formulating new propositions that emerge from the empirical evidence in a sample of … theoretical formulations are accepted as a result of the theory-building study that are confirmed in a test in the sample from … test that new proposition in the same study because this would require a comparison in a sample of cases. The term theory …
Persistent link: https://www.econbiz.de/10013152294
Theory-testing with cases is ascertaining whether the empirical evidence in a case or in a sample of cases either … supports or does not support the theory. There are two methodologies for theory-testing with cases, (a) testing in a single … case (‘theory-testing single case study'), and (b) testing in a sample of cases (‘theory-testing sample case study'). The …
Persistent link: https://www.econbiz.de/10013152295
Innovating firms face a risk of knowledge leakage as their workers can join competitors. We study the threat of worker departure as the key mechanism through which firms decide on knowledge protection strategies. Our empirical analysis exploits a milestone court decision in 1998 whereby the...
Persistent link: https://www.econbiz.de/10013233308