In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with relative performance in the firm's objective functions. We demonstrate that collusive stability is increasing (decreasing) in the degree of relative performance, product...

This paper considers the collusive stability of downstream competition in a vertical market with network externalities and cost asymmetry. A dynamic collusion game is constructed, and backward induction is employed to solve the subgame perfect Nash equilibrium. We show that larger network...

Purpose - Using Chinese A-share listed firms between 2007 and 2020 with 21,380 observations, we aim to examine the impact of cross-ownership on firms' innovation output and explore the underlying mechanisms. Design/methodology/approach - To test the influence of cross-ownership on firms'...

Modern innovation activity is the product of cooperation between people, companies, and regions rather than a solitary activity performed by the traditional garage inventor. Empirical studies on cooperative innovation highlight three major types of proximities that enable tie-formation:...

This study evaluates the effectiveness of Aragón's Regional Innovation Strategy for Smart Specialization (RIS3) 2014-2020 by applying Social Network Analysis (SNA) to a comprehensive dataset of regional, national, and European competitive public projects involving Aragonese entities between...

Background: Traditionally, dense network structures have dominated partnerships in the automotive industry. On the other hand, previous research in other industries has shown that network structures suitable for radical innovation include weak ties, structural holes and betweenness centrality....