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general. While studies on market oriented product development have identified several general dimensions of market knowledge … used in product innovation, the nature of market knowledge that is specifically important in the chemical industry remains … unclear. Because firm-relevant knowledge resources are increasingly seen as being industry specific, filling this gap becomes …
Persistent link: https://www.econbiz.de/10014185107
Generalized trust within regions represents an important firm resource. We provide empirical evidence on the impact of trust among people in regions on innovation using two distinct data sets. The first one contains firm-level data and is used to analyze how trust affects firm-level innovation...
Persistent link: https://www.econbiz.de/10012799175
Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers but a scarcity of high skills, and an easy task assigned to a high-skill...
Persistent link: https://www.econbiz.de/10013060414
The rise of the network as a form of economic organization renders problematic our standard understanding of how capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises: how do contracts, presumed to be susceptible to...
Persistent link: https://www.econbiz.de/10012721209
Innovation processes consist of interactive learning mechanisms that combine different knowledge sources. Using a set …-by-doing, -using and -interacting) modes of innovation. We show that SMEs integrate STI-based knowledge into DUI-routines through … absorb STI-based knowledge. Based on our empirical findings, we derive implications for innovation policy with regards to …
Persistent link: https://www.econbiz.de/10012117780
find market knowledge to be a multi-dimensional construct consisting of segment, product, application, and customer … knowledge. We illustrate how a project’s exploratory and exploitative market learning is balanced across market knowledge …
Persistent link: https://www.econbiz.de/10014196621
Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one positive and one normative. The first claim is that incomplete contracting theory fails to explain how economic actors govern production in the new economy. Theories of...
Persistent link: https://www.econbiz.de/10014055299
knowledge and ways of knowledge combination in innovation processes. Innovation Biographies allow capturing relationships …, contextual settings and different kinds of knowledge and enable insights into the evolvement and development of innovations. By … reconstructed including the evolution of related knowledge. Data collection is able to transcend sectoral as well as local, regional …
Persistent link: https://www.econbiz.de/10011303831
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based … explain and the stocks of knowledge available in a society, be it individually or collectively. I find that the aggregate … number of knowledge units in a society increases more slowly, the more naive its inhabitants are. I also find that the …
Persistent link: https://www.econbiz.de/10012591877
Innovative ideas have unique properties arising from low communication costs. But ideas come from knowledge that is … costly to communicate. “Formalizing” knowledge — codifying, developing standards, etc. — reduces these costs. In a simple …, knowledge is formalized, new technology replaces old and patents increase innovation incentives. In the other, knowledge is not …
Persistent link: https://www.econbiz.de/10014189717