The market for technology plays a crucial role in firms' technology strategy as a way to undertake search in the available technological space. Drawing on innovation search theory and the literatures on licensing and absorptive capacity (AC) we address the issue of the factors that affect how...

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This paper explores the complementarity between skills, organizational change and investments in information and communication technology (ICT). Our work contributes to the literature on the effects of ICT by testing the hypothesis of complementarity in a panel of 540 Italian manufacturing firms...

This paper provides novel empirical evidence on the private value of patents and R&D in European firms during the period 1991-2004. We explore the relationship between firm's stock market value, patents, and "quality"-weighted patents issued by the European Patent Office (EPO) and the US Patent...

We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and Trademark Office (USPTO), the number of financial patents in Europe has increased significantly in parallel with significant changes in payment and financial systems. Scholars have...

By employing 1995-2000 data on European regions we construct an index of regional openness based on the share of hotels on population and the share of population that speaks a second language. This index has an impact on regional performance after controlling for technological capabilities,...

This paper investigates the skills and the division of labor among participants in collective inventions. Our analysis draws on a large sample of projects registered at Sourceforge.net, the world's largest incubator of open source software activity. We test the hypothesis that skill variety of...

This paper addresses the organisation and codification of knowledge in the software industry. It analyses various economic incentives to codification, including the need to improve the productivity and quality of software production processes and to access inter-firm collaborations. The paper...

This paper analyses the process of growth and restructuring of 38 large European and US software firms during the period 1984-1992. Since the end of the 1960s, an independent software industry has emerged in the US and in Europe stimulated by technological and institutional change. Particularly,...

This paper estimates the determinants of labour productivity and employment in European NUTS2 regions. We focus on technological capabilities (proxied by regional patents), agglomeration economies (employment density), and openness, proxied by the number of airplane passengers embarked and...