Silicon Valley firms are coping with rising production costs and the constant demand for new products by relying on networks of suppliers from within the region and beyond.These long-term, trust-based partnerships blur the boundaries between the region's autonomous but interdependent firms. The...

The enormous and sustained success of Silicon Valley has excited interest around the globe. Startup companies the world over are attempting to emulate its high tech businesses, and many governments are changing their institutions in order to foster Silicon Valleys of their own. What accounts for...

Rapidly innovating industries are just not behaving the way theory expected. Conventional industrial organization theory predicts that when parties in the supply chain have to make transaction-specific investments, the risk of opportunism will drive them away from contracts and toward vertical...