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The knowledge society is characterized by knowledge becoming a kind of commodity that can be traded and priced. Knowledge-intensive business services (KIBS) are representative for such a knowledge-based economy, since their main input and output factor is directly related to knowledge itself....
Persistent link: https://www.econbiz.de/10011303844
FinTech (financial technology) is asserted as a disruptive paradigm with digital technologies driving authentic innovation within the financial services industry. Much attention and hyperbole has been attributed to startup FinTech developers and the potential of applications for consumers of...
Persistent link: https://www.econbiz.de/10012861475
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...
Persistent link: https://www.econbiz.de/10012972498
Innovative ideas have unique properties arising from low communication costs. But ideas come from knowledge that is costly to communicate. “Formalizing” knowledge — codifying, developing standards, etc. — reduces these costs. In a simple model, formalization is associated with changes in...
Persistent link: https://www.econbiz.de/10014189717
In this paper, we first provide a simple framework for cooperation in product development between competitors. We put forward the tradeoff between the benefits obtained through development cost sharing and the cost of intensified competition due to reduced product differentiation, which implies...
Persistent link: https://www.econbiz.de/10014223720
Persistent link: https://www.econbiz.de/10014052620
As major determinants of economic activity, innovation and research and development activities are major issues in the analysis of growth. Focusing on microeconomic aspects of innovation within the endogenous growth literature helps reconsidering the sources and mechanisms of growth. This...
Persistent link: https://www.econbiz.de/10012753648
The last three decades have witnessed an explosion of theoretical work on the organization of firms (Robert Gibbons and John Roberts, 2009). In parallel, there has been a massive increase in access to micro data which has revealed huge dispersions in productivity. For example, within narrow...
Persistent link: https://www.econbiz.de/10014199249
management on firm performance; (ii) a positive relationship between product market competition and average management quality …
Persistent link: https://www.econbiz.de/10012988568
A number of studies focus on the effects of open innovation on firm performance. However, in our view, previous … contributions suffer from two main limitations: at first, there is still no homogeneity in the proposition of what "firm performance … openness and performance, since there is still no consensus among authors on whether the relationship between openness and firm …
Persistent link: https://www.econbiz.de/10012178467