There is growing consensus that the goal of antitrust enforcement should be to manage for dynamic efficiency, i.e., an appropriate balance between short-run static efficiencies such as reducing costs and maximizing consumer surplus, and the longer term gains that arise from innovation. However,...

"Innovation is a beautiful thing. It is a force with both aesthetic and pragmatic appeal: It unleashes our creative spirit, opening our minds to hitherto undreamed of possibilities, while accelerating economic growth and providing advances in such crucial human endeavors as medicine,...

This book approaches the subject of innovation management as a strategic process. It is organized to mirror the strategic management process used in most strategy textbooks, progressing from assessing the competitive dynamics of a situation to strategy formulation, to strategy implementation

In the early-to-mid 1990s technology alliances suddenly surged to unprecedented levels – roughly 300% growth per year from 1990 to 1995 – and then declined just as precipitously. This massive increase in alliance activity caused the crystallization of a giant component in the global...

The structure of alliance networks strongly influences their potential for knowledge creation. Dense local clustering provides transmission capacity in the network by fostering communication and cooperation while non-redundant connections contract the distance between firms and give the network...

How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies...

Some ideas have dramatically more impact than others – they may overturn existing paradigms or launch new areas of scientific inquiry. Where do such high impact ideas come from? Are some search processes significantly more likely to lead to breakthrough idea generation than others? In this...