Both academicians and practitioners agree that there exists a critical threshold to cross for an innovative new product to be able to achieve ultimate market penetration. In this article, the authors characterize the threshold as depending upon innovation characteristics: performance and compatibility, in particular. Based on the insights from evolutionary games, several numerical simulations a...

One of the main activities of regulation is the control of market development by influencing the number of firms in an industry, their entry into an industry, and their exit from an industry. Population ecology is used as a framework for explaining both the direct and indirect effects of regulatory activity on entry, exit, and market structure. This framework is then used to derive specific pro...

In recent years, enterprise system (ES) software markets have been very dynamic. While contemporary customers are increasingly seeking ES solutions that require less and less customization and implementation effort, it is unclear whether all ES providers should take the "vertical" path of offering functionality tailored to specific industries. Given the lack of conceptualization that explores E...

In recent years, enterprise system (ES) software markets have been very dynamic. While contemporary customers are increasingly seeking ES solutions that require less and less customization and implementation effort, it is unclear whether all ES providers should take the ‘vertical’ path of offering functionality tailored to specific industries. Given the lack of conceptualization that explores E...

Rules are necessary to provide or shape the incentives of individuals and organizations. This is particularly true when free markets lead to undesirable outcomes. The Telecommunications Act of 1996 attempted to create incentives to foster competition. Ambiguity as well as the timing of the Act has led to delays in the clarification of rules and the rapid obsolescence of the document. The paper ...

In 2019, the world economy entered most turbulent period since financial crisis and COVID-19 pandemic. Trade disputes intensified, geopolitical tensions other destabilizing factors in international community increased, many countries imposed stricter regulatory scrutiny on foreign investment. Unilateralist, investment protectionism is prevalent, relations are becoming increasingly complex, whic...