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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
prevailing business conditions and selection processes. The approach shows how evolutionary theory can be used to identify … the basis for further innovation is revealed by an analysis with the wider potential to bridge evolutionary and resource …
Persistent link: https://www.econbiz.de/10014177937
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
Intellectual property frequently carries with it exclusive rights not only over the primary subject matter of the rights granted, but also over ancillary subject matter that is not within the definition of the primary grant, as for example in the patent doctrine of contributory infringement....
Persistent link: https://www.econbiz.de/10014148274
The basis of competition in today’s marketplace is changing from one based on human labor, to one where the principle source of value creation is an organization’s knowledge, and the organization’s ability to rapidly acquire new knowledge through learning. The rise of the knowledge economy...
Persistent link: https://www.econbiz.de/10014035947
The strategic management literature has built rich and behaviorally plausible models of firms, yet the industrial policy literature has overlooked nuances in firm behavior. This paper bridges these two literatures by incorporating increased micro-level realism to examine how industrial policy...
Persistent link: https://www.econbiz.de/10014033102
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
The development process and technological improvements since the industrial revolution are characterized by substantial increases in the quantity and variety of tools/machines/materials adopted in production. It is difficult to reject empirically that proliferation of tools variety is the...
Persistent link: https://www.econbiz.de/10013038312
The manufacturing industry plays a key role in ensuring long-term and sustainable economic development. Although the impact of the service and information technology sectors on economic growth has increased recently, reindustrialization trends have appeared especially in developing and...
Persistent link: https://www.econbiz.de/10014426613