The Department of Justice and the Federal Trade Commission have frequently raised innovation concerns as reasons to challenge mergers. This chapter surveys the economic theories of innovation incentives and considers how the theory may inform antitrust analysis for merger investigations and other conduct that involve innovation. Competition can promote innovation by reducing the value of failin...

Although the political dimension of technological innovation is widely acknowledged, there remains a gap between empirical research into this politics and normative research into its democratic quality. Especially methods for evaluating the democratic quality of dynamic and non-formal forms of innovation politics are lacking. This paper develops a framework for analysing the politics of innovat...

Environmental concerns are intricately linked to various aspects of the supply chain. Awareness of such concerns is reflected in the contemporary business environment and in government legislation. The sustainable supply chain is an emerging trend in industrial development, where it is positioned as business innovation in this research. Based on the research gap identified in a literature map, ...

Does greater equity ownership by institutional investors improve or inhibit innovation incentives? We present a model of career concerns where institutional ownership increases the incentives managers have to innovate through reducing informational asymmetries. We then utilize an original panel of US firms containing information on ownership, governance, managerial characteristics and innovatio...

Executive Summary Tomorrow's quality of life is determined by today's innovation power. Therefore, greater insight into innovation processes and how they can be better facilitated is of major strategic value to governments, business* organizations and knowledge institutes. Changes in society today are being driven by both revolutionary scientific and technological discoveries, and the developme...

The adoption of smart specialisation involves a challenging set of novelties in the way innovation strategies are designed. One of these novelties concerns the ‘outward orientation’ of the innovation strategies. In the world of open innovation and global value chains no serious innovation policy can be effective without the ability to connect local knowledge assets with knowledge existing ‘else...