We study compatibility decisions of two competing platform owners that generate profits through both hardware sales and royalties from content sales. We consider a game-theoretic model in which two platforms offer different standalone utilities to users. We find that incentives to establish...

An extensive empirical literature in strategy and finance studies the performance implications of corporate diversification. Two core debates in the literature concern the existence of a diversification discount and the relative importance of industry relatedness and market structure for the...

Understanding positioning is a central concern for strategy. We offer a rich, but tractable, formalization of competitive positioning that is explicit about how the success of firms' policy choices in the face of competition is impacted by the multiple attributes along which firms can create...

An extensive empirical literature in strategy and finance studies the performance implications of corporate diversification. Two core debates in the literature concern the existence of a diversification discount and the relative importance of industry relatedness and market structure for the...

A volume devoted to understanding the competitive and collaborative challenges that firms face when interacting with different actors in dynamic environments increasingly referred to as business or innovation 'ecosystems'. New findings in 'ecosystem analysis' are discussed and the unique roles...