Innovation and Institutions is an extensive elaboration on the make up of systems of innovation. It examines why some … countries are more innovative than others, why national styles of innovation differ, and goes on to explore why some countries …

of the agreement form an information network. The network's members optimally specialize based on their opportunities in … particular aspects of the technology or in expanding or managing the network. Endogenously there are incentives to standardize on … designs and descriptions of the technology. A tinkerer in the network who sees an opportunity to produce a profitable product …

efficiency-oriented internal exploitation with an explorative and external-oriented open innovation network turns out to be a …