“Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male members of the U.S. labor force....

Organizational change has become the norm rather than the exception among U.S. hospitals. Downsizing, service diversification, and affiliation with healthcare systems are but a few notable examples. In this paper, we review the rationale and consequences of organizational change in U.S....

Innovation and marketing strategies adopted by multinational companies in the globalized economy are subject to continuous challenges. Consider EU exporting companies that produce, for example, solar panels. Depending on political elections and the ensuing support for environmental policies (or...

This paper explores mechanisms through which a party's choice of governance mode for a focal transaction is constrained by the governance choices it made for other, prior transactions. We argue that this condition of "governance inseparability" plays an important role in determining the...

The rise of the sharing economy has changed how many Americans commute, shop, vacation, and borrow. It has also disrupted long-established industries, from taxis to hotels, and has confounded policymakers. In particular, regulators are trying to determine how to apply many of the traditional...

Compatibility is recognized to be a socially desirable outcome but the welfare implications from a uniform standard are still ambiguous. This paper studies the effect of unifying two incompatible standards for wireless networks in the U.S. wireless telecommunications market from 2015 to 2018. I...

We examined ten years (1st January 2008 until 31st December 2017) of the regular non-provisional utility applications data (~3.63 million applications) from three different United States Patent and Trademark Office (USPTO) sources - Patent Examination Data System (PEDS), Patents-view database...

We study the effects of managerial practices in schools on students' outcomes. We measure managerial practices using the World Management Survey, a methodology that enables us to construct robust measures of management quality comparable across countries. We find substantial heterogeneity in...

This paper explores offshoring of firms’ research and development functions. Our analysis employs a previously untapped and unique Eurostat International Sourcing Survey. The results are easy to summarize. First, the magnitude of R&D offshoring is small. Second, a large majority of R&D is...

In this introductory article to the EIT ICT Labs we outline its innovation ecosystem and recap the underlying motives for its foundation from the perspectives of industry, academia and society. The EIT ICT Labs are one of the initial Knowledge and Innovation Communities (KICs) of the European...