The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary, since the pool avoids a double-marginalization problem associated with independent licensing. This conventional wisdom relies on the effects that pooling has on downstream prices....

The question of whether opening a new technology to secondary developers stimulates innovation is central to public policy and firm strategies in many high-tech industries. Yet there is scant systematic evidence on this relationship. This paper analyzes how opening handheld computer platforms to...

Most OECD-countries provide financial subsidy programs to stimulate the entry and growth of small entrepreneurial firms. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and overcome asymmetry problems. Thereby, entrepreneurs...

The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...

Smart specialization as a concept plays a more and more important role in development of the regions. David, Foray and Hall point it, as an important instrument for creating a strategy for the development of innovation at the state and regional level as well as for defining and building the...

This article aims to better frame the role of open data in the divergent operationalisations and interpretations of the smart city concept. We start by exploring top-down approaches to the smart city, followed by what purely bottom-up initiatives can look like. A clear overview of stakeholders'...

Managers of established firms as well as emerging firms continually search for unique strategies that ensure better returns with minimal risk, and that enable their businesses to effectively outsmart the competitive challenges by attaining the advantages in terms of innovation, cost efficiency...

The goal of this paper is to present a formal model of firm innovation that simultaneously analyzes innovation factors characteristic to the Schumpeterian strand of industrial organization literature and the know-how strand. Corporate R&D intensity serves here as an input measure of firm...

The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary, since the pool avoids a double-marginalization problem associated with independent licensing. This conventional wisdom relies on the effects that pooling has on downstream prices....