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This report examines innovation in experiential services. These are serviceswhere the focus is on the experience of the customer when interacting with theorganisation, rather than just the functional benefits following from the productsand services delivered. The report is based on a continuing...
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In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012604973
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth … framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … exploration R&D does not scale as strongly with firm size as exploitation R&D. The resulting framework conforms to many …
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