Motivated by the rise of social media, we build a model studying the effect of an economy’s potential for social learning on the adoption of innovations of uncertain quality. Provided consumers are forward-looking (i.e., recognize the value of waiting for information), equilibrium dynamics...

Innovation policy is in need for a rational which allows the design and evaluation of policy instruments. In economic policy traditionally the focus is on market failures and efficiency measures are used to decide whether policy should intervene and which instrument should be applied. In...

The purpose of this study is to clarify the best practice of marketing strategy in Japanese accounting cloud services. The authors examine platform development and ecosystem formation of an accounting cloud service in the second stage. As the results, the authors obtain three findings. First,...

This paper examines the conditions under which exploration of a new, incompatible technologyisconducive to firm growth in the presence of network externalities. In particular,this studyis motivated bythe divergent evolutions of the PC and the workstation markets inresponse to a new technology:...

Corporations are confronted with challenges adjusting to changing technologies and markets. Seeking innovations externally through open innovation is a possible approach to go beyond the internal development of innovations. One practice of open innovation to assimilate external knowledge is...

People in a changing environment must decide between exploiting options they currently favor and exploring alternative options that provide additional information about the state of the environment. For example, drivers must decide between purchasing gas at their currently favored station (i.e.,...

The decentralization of organizational decision authority has been shown to be complementary to Information Technology (IT) in prior research. We draw from the information processing view of organizations, the IT and de/centralization debate, and organizational learning theory to argue that IT...