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Dynamic incentives in organizations : success and inertia

Ruckes, Martin E.; Rønde, Thomas - 2010

We present a dynamic model in which an employee of a firm searches for business projects in a changing environment. It is costly to induce the employee who found a successful project in the past period to search for a new project. Past success can therefore result in profitreducing corporate...

Persistent link: https://www.econbiz.de/10008695543

Strategic R&D investment, competitive toughness and growth

Aspremont, Claude d'; Dos Santos Ferreira, Rodolphe; … - In: International journal of economic theory 6 (2010) 3, pp. 273-295

Persistent link: https://www.econbiz.de/10008652108

Recombinant innovation and the boundaries of the firm

Griffith, Rachel; Lee, Sokbae; Straathof, Bas - 2014

There is considerable interest in understanding how important market frictions are in stifling the transmission of ideas from one firm to another. Although the theoretical literature emphasizes the importance of these frictions, direct empirical evidence on them is limited. We use comprehensive...

Persistent link: https://www.econbiz.de/10010403467

The design of vertical R&D collaborations

Herbst, Patrick; Walz, Uwe - 2009

Suppliers play a major role in innovation processes. We analyze ownership allocations and the choice of R&D technology in vertical R&D cooperations. Given incomplete contracts on the R&D outcome, there is a tradeoff between R&D specifically designed towards a manufacturer (increasing investment...

Persistent link: https://www.econbiz.de/10003864099

Leadership cycles

Denicolò, Vincenzo; Zanchettin, Piercarlo - 2010

We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....

Persistent link: https://www.econbiz.de/10008702831

The Design of Vertical R&D Collaborations

Herbst, Patrick; Walz, Uwe - 2013

Suppliers play a major role in downstream firms' innovation processes. We analyze ownership allocations and the choice of technology in vertical research and development (R&D) cooperations. Given that R&D outcomes are not contractible, there is a trade-off between R&D specifically designed...

Persistent link: https://www.econbiz.de/10014210523

Predictive Patentomics : Forecasting Innovation Success and Valuation with ChatGPT

Yang, Stephen - 2023

Analysis of innovation has been fundamentally limited by conventional approaches to broad, structural variables. This paper pushes the boundaries, taking an LLM approach to patent analysis with the groundbreaking ChatGPT technology. OpenAI’s state-of-the-art textual model accesses complex...

Persistent link: https://www.econbiz.de/10014353650

The Effects of Experience on Selecting Innovation Projects - Better the Devil You Know

Schmidt, Tobias - 2009

major learning mechanisms. On the one hand, real options theory suggests a process based on financial data. On the other …

Persistent link: https://www.econbiz.de/10012720166

Innovation pattern heterogeneity: a data-driven retrieval of the firms' approaches to innovation

Capasso, Marco; Rybalka, Marina - 2021

Innovation is one of the usual suspects in defining differences in performance among firms, according to a strong and diverse theoretical framework. Understanding the diversity that exists within the population of innovative firms is essential to elaborate appropriate innovation policies. Our...

Persistent link: https://www.econbiz.de/10012695099

An Innovation Theory of Headquarters Value in Multibusiness Firms

Knott, Anne Marie - 2020

.g., chains. Accordingly, we propose, model and test an alternative theory, one in which HQ facilities market-like dynamics … managers, ours involves an invisible hand of managers. We construct an interacting agent model of the theory, which yields … setting (consistent with the argument motivating the need for an additional theory) …

Persistent link: https://www.econbiz.de/10012855065