Competing technologies in emerging industries create uncertainties that can discourage supplier investments. Open technology may induce supplier investments, but may also lead to intensified future competition. In this paper, we study competing manufacturers' open-technology strategies. We show...

This volume assesses the effects of industrial policy at three levels: through the user cost of capital, through the effects of a macroeconomic model on the decisions of an enterprise, and through the effects of a macroeconomic model on the machine tools industry via its major customer...