A model of open innovation among competing firms is developed. Innovation is modelled as a dynamic sequential process where existing technologies advance through research. New technologies are incorporated into next generation of competing products. This model is implemented in an evolutionary...

This paper examines the argument that open innovation is either a fad or a phenomenon. A massive amount of literature was reviewed on four open-innovation related themes - Drivers of open innovation, benefits gained by practising open innovation, the challenges limiting its widespread adoption,...

Platform economics has promoted open innovation through sufficient channels to reveal and exchange knowledge with experts or valued customers. However, innovation also suffers from information stickiness and product diversification risks. In order to design an innovation strategy on a platform,...