Hybrid Renewable Energy Systems (HRES) use multiple renewable resources such as hydro, solar and wind collaboratively to produce energy that can meet a defined load demand continuously. Their combination can lead to the improvement in the systems efficiency and overall reliability. However, the...

With the development of information and communication technologies and the emergence of the Internet of things, the open-platform strategy has come into the spotlight. Opening a platform allows external firms or individuals to enter the platform ecosystem without any restriction. Even though a...

We propose a dynamic model in which firms compete to produce sequential and cumulative innovations, and in which the more firms do research in one sector the more likely it is that one of them innovates. Firms choose research effort and whether to patent innovations or to use an Open Source...