The relationship between competition and innovation has drawn great attention from economists and strategic management researchers. However, the empirical evidence for this relationship remains inconsistent. On the one hand, the Schumpeterian viewpoint credits that the large firms with...

Firms might not launch a next generation product as soon as a more efficient technology or a better product design is ready. We use a stylized model to analyze firms' product launch and upgrade decisions in an incumbent-vs-entrant setting. We find that large profit margins from the next...

Purpose – This paper aims to present a linear mathematical framework for modeling and optimizing road transport infrastructure. The framework assesses and optimizes performance of existing transport facility rather than relying on building new roads for the ever-increasing travel demand....

Purpose – This study aims to present a timely description of the experience and intentions of EU firms regarding patent licensing and/or selling to China in a new era, where EU firms are taking a more open approach toward innovation and the Chinese institutional environment has been recently...

Feedforward networks have powerful approximation capabilities without the "explosion of parameters" problem faced by Fourier and polynomial expansions. This paper first introduces feedforward networks and describes their approximation capabilities, then we address several practical issues faced...

This paper presents a feedforward network estimation algorithm that addresses two issues, (i) avoiding local inferior minima to the performance criteria, and (ii) imposing a priori constraints to improve generalization and test economic hypotheses. The algorithm combines methods either...

Tanzania is well placed to receive a significant increase in aid inflows in coming years. Despite the potential for the additional aid inflows to raise income levels in the country, increasing them may bring about structural changes in the economy that may be unwelcome. One such change is an...

Global supply chains (GSCs) are confronted with the phenomenon of hyper-competition. For this reason there seems to be an increasing necessity for GSCs to build up competitive advantage in order to survive. Strategic flexibility is assumed to have positive effects on generating required...