I argue that incumbent firms may adapt to a radical innovation through interfirm cooperation with new entrants. In particular, I suggest that incumbent firms may leverage their pre-innovation complementary assets via exploitation alliances with new entrants. Thus, exploitation alliances are...

We argue that incumbents may be in a position to adapt to radical technological change via interfirm cooperation with new entrants when the incumbents have complementary assets within their firm boundaries that are critical to commercializing the new technology. We study 889 strategic alliances...

Market-based instruments are widely used to encourage innovation and investment in cleaner technologies. Using a simple analytical framework and graphical representations, this paper provides a theoretical synthesis of the relationship between emissions prices/taxes and the firm's optimal...

Intellectual property frequently carries with it exclusive rights not only over the primary subject matter of the rights granted, but also over ancillary subject matter that is not within the definition of the primary grant, as for example in the patent doctrine of contributory infringement....

The basis of competition in today’s marketplace is changing from one based on human labor, to one where the principle source of value creation is an organization’s knowledge, and the organization’s ability to rapidly acquire new knowledge through learning. The rise of the knowledge economy...

This paper comprehensively explores the compelling framework encompassing Opportunity Econophysics, Opportunity Cones, Conscious Agents, and the Traces of the Conscious Dimension within the context of economic systems. The interdisciplinary nature of this framework integrates concepts from...

Using data from the EPA's EGRID and Clean Air Markets databases, we investigate the energy (technical) and emissions (ecological) efficiencies of 437 of the largest U.S. electricity generators. We focus on fossil-fuel based electricity generating plants because of their significant impact on...

While research has generated useful very insights, usually at the macro level, regarding the multi-faceted nature of environmental innovation and regulation, the characteristics and drivers peculiar to international companies have remained underexposed in the policy-related literature on clean...

The point of departure is a competence-destroying technological discontinuity. We posit that the type of complementary assets (generic vs. specialized) needed to commercialize the new technology is critical in determining the industry- and firm-level performance in the post-discontinuity time...

Journeys to a sustainable future have become important to industry, government and research. In this paper, we examine evolutionary, relational and durational perspectives on sustainability journeys. Each perspective emphasizes different facets of sustainability – shifts in selection...