Innovation, technology and hypercompetition : review and synthesis

In an increasing technologically-led century the striking pattern that emerges in firms' innovative activities is that companies compete for a technological leadership position in situations best described as races. In high technology industries, where customers are willing to pay a premium for advanced technology, leadership translates into increasing returns in the market through positive network externalities. Innovation, Technology and Hypercompetition synthesizes and unifies both the various methodological approaches for the industry-specific analysis of fast changing competitive positions driven by relentless innovation (hypercompetition). Game-theoretic and agent-based tools are applied to competitive industries in various market settings and in a global context. Rivalry of this sort is seen to extend to the catching up and forging ahead of regions and nations. The book provides the behavioral foundations for what is driving globalization. It should be of interest to a broad range of people , academic economists , legal experts, management consultants and practitioners alike.