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features learning-by-doing, incremental and radical innovations, user-producer learning at the firm level, and a change in the … a competence base, which supports the learning from other firms. …
Persistent link: https://www.econbiz.de/10005622445
imitation, involves learning at a social level and is based on a problem-solving technique known as the genetic algorithm. Some … economic implications of these processes are explored, including their application to stochastic learning curves, patent design …
Persistent link: https://www.econbiz.de/10005760576
international corporate networks for technological development. Such profits through innovation are encouraged by newer more …
Persistent link: https://www.econbiz.de/10005760557
Persistent link: https://www.econbiz.de/10008456239
This article discusses the three concepts of `learning', `entrepreneurship' and `dynamics of the firm' in order to … following four issues: 1) Localized learning dependent on the extent to which knowledge is individual vs. collective, 2 …) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty …
Persistent link: https://www.econbiz.de/10005184782
Government is studied as supporter of science and of the transformation of scientific discoveries into new technology and firm formation. The importance of scientific discovery outside academe is recognized as is the experimental nature of the transformation process entailing frequent business...
Persistent link: https://www.econbiz.de/10005622498
firm. Instead they both opt for a dynamic framework in which there is a key role for innovation. Differences emerge in …
Persistent link: https://www.econbiz.de/10005184764
The modeling of Schumpeterian competition as a process of innovation, imitation and selection was first presented by …
Persistent link: https://www.econbiz.de/10005622435
entrants into innovation races is more likely to be independent of market size than stochastically dependent upon it. …
Persistent link: https://www.econbiz.de/10005622476
Since the late 1970s, pharmaceutical R&D has grown at a rapid rate relative to sales and other variables. In this paper, we examine the determinants of pharmaceutical R&D using a pooled data sample of 11 major drug firms over the period 1974 to 1994. We find that expected returns and cash flows...
Persistent link: https://www.econbiz.de/10005622488