In this paper, we examine the link between innovative activity on the part of firms, the competitive pressure to introduce innovations and punitive damage awards. While innovative activity brings forth valuable new products for consumers, competitive pressure in the ensuing innovation race...

‘Law and economics’ as well as ‘organizational science’ are well-established disciplines, which are concerned with the explanation of organizational behaviour. However, both disciplines do not collaborate, in order to get more scientific insight in the functioning of organizations. While...

In this paper, we examine the link between innovative activity on the part of firms, the competitive pressure to introduce innovations and optimal damages awards. While innovative activity brings forth valuable new products for consumers, competitive pressure in the ensuing innovation race...