The concept of 'technological expectations' has established itself as a key one in the smdy of innovation adoption. The article suggests that it may help explaining not just the adopters' timing decisions, but also their decisions regarding the kind of innovation they adopt. Innova tions that...

R&D subsidies are a common tool of technology policy, but little is known about the effects they have on the behavior of firms. This paper presents evidence on the effects that R&D subsidies have on the R&D effort of recipients, and on the probability that a firm will participate in a program...

Cooperation in several phases of the innovation process is viewed by antitrust authorities with suspicion. They face the dilemma between providing the right incentives for the appro-priability of returns to R&D and the risks of diminishing product market competition. The current legislation in...

This paper is based upon an analysis of various experiences of electronic commerce. It analyzes the role of private institutions in the organization of systems of transactions. Private institutions take place between public institutions (that are insufficiently specialized) and inter-individual...

This empirical study investigates the impact of competencies on firms' economic perfomance. A panel dataset of Finnish manufacturing firms is used to assess the effects of education and innovation on profitability. The differences between innovators and non-innovators, and between product- and...

In this technology-intensive business world, it is important to note that technology does not work alone; it only works when all other supporting elements work in concert. Two 'things', or business strategies, are complementary when the marginal contribution of one increases with the value of the...

When firms enjoy increasing returns in presence of a high rate of innovation, competition may obtain due to the continuous changes in demand and cost conditions even when there is no differentiation and the products of competing firms are essentially homogeneous. In this paper we intend to...

This paper estimates regulated and poientially deregulated costs of production for a multiproduct electric utility industry. The empirical evidence suggests technological regression with respect to costs in both regulated and deregulated environments. Analysis of factor cost shares indicates...

Although software piracy is often described as a threat to innovation, only a minority of publishers has chosen to adopt hardware keys, the most secure technology protecting intellectual property in software. A survey of German software publishers reveals that they demand different levels of...

In this paper we use world cycling records to study the pattern of technological development of the track bicycle. We find that there is a strong evidence of 'contagious' effects among cycling records which in turn provides indirect evidence of 'contagious' effects among technological...