For seven European countries macro-level indicators of the accumulation of intangible capital are developed. Using hedonic prices deflate investments in IT hardware, IT software and telecommunication equipment, for both intangibles and ‘smart’ tangibles capital stocks are constructed. These...

In this paper we integrate two workhorse models in economics: Themonopolistic competition model of Dixit and Stiglitz and the search unemploymentmodel of Pissarides. Information and communication technology (ICT) is interpretedas i) technical progress in the matching function of the Pissarides...

The aim of this article is to add to organization theory by exploring the theoretical concept of organizational configuration and identifying its added value. Why is it used and what possibilities does it offer for organizational theorists? We will examine the underlying assumptions and try to...

This paper presents a simple evolutionary model to study the diffusion patterns of product innovations for consumer goods. Following a Veblenian theme, we interpretconsumption as a social activity constrained by social norms and equality of opportunity. Societies that allow for more behavioral...

It is axiomatic that the potential of FDI to act as a catalyst for economic development varies by its motivation, and the competence level and scope of foreign-owned affiliates. This chapter seeks to examine the effect of regional integration (RI) on MNE strategies while acknowledging other...

The browser wars are probably the best-chronicled standards competition in recent history. Yet the standard lock-in model does not readily account for the dramatic change in fortunes of Microsoft. At one time it seemed that Microsoft would be go the way of IBM before it and fail to catch the...

This paper examines the processes of knowledge transfer in the services sector in the economic reality, increasingly affected by the use of information and communication technologies. An important focus is to explore whether the knowledge transfer channels, traditionally used in manufacturing,...

Evolutionary understanding of behaviour of firms is gradually becoming more accepted in a variety of disciplines such as economics, management and organization. Contributing to a multi-disciplinary understanding of strategic behaviour, this paper analyzes foreign direct investment strategies of...

The recent merging of the electronic market arena has enabled the creation of new environments in which consumers can interact with each other online – Commercial Virtual Communities (CVC). The strategic question facing internet businesses today is what are the components of the glue that...

For a long time economists have tended to ignore health as a relevant factor of production and important determinant of economic growth. The widely observed positive relationship between health expenditures and economic growth was considered the result of a strong positive income effect....