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Using data from the US automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …
Persistent link: https://www.econbiz.de/10011342391
The paper examines the allocation of inventive effort in complex product systems. I argue that complex product systems (e.g., personal computers) are distinguished by functional interaction among several components each guided by a relatively autonomous bundle of technical and economic...
Persistent link: https://www.econbiz.de/10014026570
We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological … production theory, and, more importantly, expanding the notion of the production plan to include the recipe - the complete …
Persistent link: https://www.econbiz.de/10014046283
Existing studies, largely based in the transaction cost economics tradition, approach the issue of vertical scope from the point of view of the decision faced by the individual firm about whether to make or buy, given a set of existing markets and well-defined vertical segments. However, recent...
Persistent link: https://www.econbiz.de/10014064741
Research on innovation strategy, which focuses on what type of innovation that firms decide to implement, has primarily …) innovations. This paper extends the study of innovation strategy to nontechnological innovations (organizational and marketing …) and opens an understudied form of innovation strategy encompassing all possible combinations of innovative alternatives …
Persistent link: https://www.econbiz.de/10014636645
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Persistent link: https://www.econbiz.de/10012807628
Research highlights the role of external knowledge sources in the recognition of strategic opportunities, but is less forthcoming with respect to the role of such sources during the process of exploiting or realizing opportunities. We build on the knowledge-based view to propose that realizing...
Persistent link: https://www.econbiz.de/10013083482
Recent scholarship has begun to assess the role of intellectual property rights in the theory of the Coasean firm. Some …
Persistent link: https://www.econbiz.de/10014059267
The thoughts and behaviors of financial market participants depend upon adopted cultural traits, including information signals, beliefs, strategies, and folk economic models. Financial traits compete to survive in the human population, and are modified in the process of being transmitted from...
Persistent link: https://www.econbiz.de/10012825186