Merger and acquisitions (M&As) have been an important tool for reorganizing the European market since the establishment of European Economic and Monetary Union. This paper suggests that European integration helped and encouraged European firms to source technology across national borders in...

The definition and explanation of concepts in science are a vital scientific activity because a scientific field can develop only on the base of new comprehensive concepts and categories of concepts and their applications that enlarge the domain of scientific analyses. The conception technology...

Procurement from Big Science Centers (BSC) yields a variety of spillover effects that can ultimately have growth enhancing consequences for their partner countries. We study the determinants of procurement for the biggest research infrastructure ever built: the Large Hadron Collider (LHC) at...

A simple model of the development of technology is presented. This model, in a broad analogy with evolutionary ecology of parasites, within a theoretical framework of Generalized Darwinism, can explain vital characteristics of technological advances and technological evolution. In particular,...

As advances in emerging technologies continue to transform the business landscape, knowledge sharing will become increasingly important to leveraging the unique core competencies of organizations so as to gain a competitive advantage. Despite emerging technologies being so popular in news and...

Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...

This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...

The article shows that the technological precursors of decentralization require a reexamination of technological infrastructure for decentralized systems. Highlighting the past and present events in technology development that helped usher in the age of decentralization, the article examines the...