We examine the market power of a seller who repeatedly offers upgraded versions of a product. In the case of pure monopoly, the seller also controls compatibility across versions. In the case of an entrant who offers an upgrade, the incumbent seller also controls subsequent interoperability...

We develop a model of innovation and learning that incorporates explicitly the need for a firm to conduct its own research and development (R&D) in order to realize involuntary spillovers from other firms’ R&D activity and the development of absorptive capacity of research firms over time. The...

The aim of this paper is to analyze the formation of R&D networks in a setting where spillovers between partners may be imperfect, due to knowledge tacitness, and partner-specific, depending on firms’ technological specializations. We find that firms have strong incentives to use the network...

This paper analyzes the relationship between the three enterprise software systems (enterprise resource planning (ERP), supply chain management (SCM), customer relationship management (CRM)) and firms’ innovative performance for process as well as product innovations. Using German firm-level...

Academic institutions may register trademarks (TMs) to protect and exploit key intangible assets (e.g. reputation), to better market current and prospective initiatives, and to better appropriate the output of innovative activities. TM registration by academic institutions -- so far overlooked...

This study investigates the demand and supply of academics as board members in science-based companies. Providing academics as board members is one activity within the broad range of academic entrepreneurship activities of universities helping science-based firms to develop absorptive capacity...

The amount of financial incentives required to stimulate network growth depends on the size of the <italic>critical mass</italic> which, in its turn, depends on the intensity with which network externalities play their role in the diffusion process. The measurement of the strength of network effects and all that...