Business model describes the company’s most important activities, proposed value, and the compensation for the value. Business model visualization enables to simply and systematically capture and describe the most important components of the business model while the standardization of the...

Nowadays we are witnessing how information technologies are redefining the business environment. There are new approaches, new tools resulting in new strategies. Postindustrial company needs to adapt to this new environment to remain being competitive. Historically the different eras were...

The purpose of this paper is to present possible ways how could a company maintain or even gain its competitive advantage in high dynamic business environment from a per-spective of business models. After a short introduction on evolution of innovation, this paper is divided in three parts. In...

I evaluate the welfare effects of the 1997 merger between Boeing and McDonnell Douglas in the medium-sized, wide-bodied aircraft industry. I develop an empirical model of multi-product firms, allowing for both learning-by-doing and product innovation in a dynamic game to quantify merger...

The Republic of Bulgaria has been a Member State of the European Union since 2007. Its economic development has been framed by a Currency Board Arrangement (binding the national currency to the euro) since 1997. Recent development is characterised by slow economic growth. Preliminary GDP data...

The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in light of evolutionary economics.

Theoretical issues of the formation of the mechanism of public-private partnership (PPP) in the system of higher education of Ukraine are studied. The role of higher educational institutions in the process of Ukraine’s economy transformations, the prospects of their cooperation with the...

After deriving a model describing the law of evolution of innovators and imitators the article focuses on their relationships under two different scenarios: prey-predator, in which innovators are regarded as preys, and competing species. Analytic results show that among the feasible equilibria...

This paper evaluates the value proposition of public-private partnerships to patent review by analyzing the potential impact of crowdsourced prior art search on the European patent system. This first requires outlining the current challenges patent offices in Europe face due to their tremendous...

The main purpose of the paper is to analyze different channels for innovations. We analyze the influence of various incentives for innovation in Russian companies taking into account the organization of industries — vertical or horizontal orientation, peculiarities of corporate demography,...