Firms achieve their competitive advantage quickly through the concept framework of open innovation by integrating … innovation into building platform blocks by modular operators. These eight modular operators are splitting, augmenting, deleting …

-line extension (an upgrade through innovation) before it faces generic competition. There are two types of physicians: loyal … firm decides the level of innovation. In the second-stage, all firms decide sequentially their prices, with the incumbent … innovation, the incumbent firm competes for the price-sensitive physicians. However, for low levels of innovation, the incumbent …

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …

investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect …

In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out … technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously …