We offer a new algorithm for analyzing innovation timing games. Its main advantage over the traditional approach is that it applies to problems that had previously been intractable. We use the algorithm to examine two classical innovation problems. We find that the competition takes the form of a waiting game with a second-mover advantage either for any level of R&D costs (process innovation) o...

I analyze the innovation incentives under monopoly and duopoly provision of horizontally differentiated products purchased via bilateral negotiations, integrating the market structure and innovation literature with the holdup literature. I show that competition can improve local incentives for non-contractible investment. Because innovation levels are generally strategic substitutes, however, t...

Despite mounting evidence on the potential benefits of inbound open innovation, little is known about how firms purposefully manage inflows of knowledge. We investigate the use of two knowledge governance procedures—project management and knowledge matching—in collaborative inbound open innovation. Our findings suggest that, in addition to “knowledge-precursors,” which the literature on open in...

Despite mounting evidence on the potential benefits of inbound open innovation, little is known about how firms purposefully manage inflows of knowledge. We investigate the use of two knowledge governance procedures—project management and knowledge matching—in collaborative inbound open innovation. Our findings suggest that, in addition to “knowledge-precursors,” which the literature on open in...

We examine how local political corruption affects firm innovation in the United States. We find that firms located in more corrupt districts are less innovative, as measured by their patenting activities. We identify two possible economic channels through which corruption may affect innovation: a disincentive effect and a culture effect. We show that the negative impact of corruption on innovat...

This paper studies the relationship between optimal award and scarcity of ideas in innovation contests. We consider contests with different distributions of idea qualities and conduct comparative static analysis of optimal – revenue maximizing – awards with respect to the distributions. We find that a distribution with scarcer ideas leads to higher optimal awards if the marginal value of innova...

researches in exploring of driving forces of regional endogenous development, concentrate on subjects which have been so controversial. regional endogenous development (red), together with other core regional development concepts, is usually focused on the sub-national regional development process of the home country. this paper attempts to conceptualize and examine regional endogenous developm...

Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between “dirty” (internal combustion engine) and “clean” (e.g. electric and hybrid) patents across 80 countries over several decades. We show that firms tend to innovate relatively more in clean technologies when they face higher tax-inclusive fuel pr...

Advances in computers and telecommunications and the development of the Internet have been applied to develop new transaction technologies that lower transaction costs. By lowering transaction costs, these changes in transaction technology make possible transaction innovation, that is, the development of new types of market transactions. Transaction innovation changes not only business methods ...

Pressure to change business education is rising. Lectures, where students listen to an expert academic should be the exception rather than the rule. A reliance on passive learning tasks reflects an informationtransmission concept of teaching which produces inferior learning outcomes. Incorporating new learning and assessment tasks can improve learning outcomes. Since technology is one source of...