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Patent race models assume that an innovator wins the only patent covering a product. But when technologies are complex, this property right is defective: ownership of a product's technology is shared, not exclusive. In that case I show that if patent standards are low, firms build "thickets" of...
Persistent link: https://www.econbiz.de/10014110256
technological innovation is apparent while technology lock-in is a rare phenomenon. Antitrust policy founded on technology lock …-in arguments is misguided and is likely to damage incentives for innovation …
Persistent link: https://www.econbiz.de/10014217333
In this article we examine the interaction between firms' product and process innovation decisions and the role patent … policy can play in directing technological change toward a socially efficient mix of innovations. Product innovation is a … variant on a pioneer's new product; process innovation improves upon the cost efficiency of production. In a model with …
Persistent link: https://www.econbiz.de/10014076145
The concept of a dominant design has taken on a quasi-paradigmatic status in analyses of the link between technological and industrial dynamics. A review of the empirical literature reveals a variety of interpretations about some aspects of the phenomenon such as its underlying causal mechanisms...
Persistent link: https://www.econbiz.de/10014027881
United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The … apparently hostile to innovation, i.e. giving back negative marginal value added on innovation? A model is introduced in which … equilibrium in which innovating is rational though suboptimal, without premium on innovation being a real economic profit. The …
Persistent link: https://www.econbiz.de/10013094870
This is the first chapter in Part 3. Its purpose is to contrast the value structure of platform systems with step processes from a technological perspective. I first review the basic technical architecture of computers and argue that every computer is inherently a platform for performing...
Persistent link: https://www.econbiz.de/10012052720
The IBM PC was the first digital computer platform that was open by as a matter of strategy, not necessity. The purpose of this chapter is to understand the IBM PC as a technical system and set of organization choices in light of the theory of how technology shapes organizations. In Chapter 7, I...
Persistent link: https://www.econbiz.de/10012052723
The paper sketches out a theoretical framework for analysing the interplay between eco-efficiency, cognition and institutions. It derives from analytical shortfalls of the prevailing literature, which features strongly engineering and business economics, by using insights from New Institutional...
Persistent link: https://www.econbiz.de/10010493769
This paper examines whether digitalization can be a driver of "upgrading" in global value chains and help developing countries move into higher value-added activities. In particular, the paper provides empirical evidence on the impact of digital capabilities on product upgrading in Indian...
Persistent link: https://www.econbiz.de/10012008263
The financial industry is being transformed by a combination of structural forces: heightened regulation, technological disruption, and changing demographics. These forces are lowering barriers to entry and increasing competition from within and outside the industry. A diversity of new entrants...
Persistent link: https://www.econbiz.de/10012862441