This article surveys the theoretical and empirical literature on mechanisms that confer
advantages and disadvantages on first‐mover firms. Major conceptual issues are …

This paper attempts to explain why innovating firms often fail to obtain significant economic
returns from an innovation, while customers, imitators and other industry participants benefit …

THIS ESSAY concerns the determinants and effects of innovative activities in contemporary
market economies. In the most general terms, private profit-seeking agents will plausibly …

Innovationen sind ein Dreh-und Angelpunkt für die Wettbewerbsfähigkeit von Unternehmen,
insbesondere in einem dynamischen Wettbewerbsumfeld. Das fundierte Verständnis um die …

This paper examines how two sources of transaction costs, small-numbers-bargaining
hazards and appropriability concerns, may affect established firms' choices between in …

Technology is rapidly altering the nature of competition and strategy in the late twentieth
century, moving us toward a 'new competitive landscape'in the twenty‐first century. The new …

An asset, my dictionary says, may be defined as “a useful thing or quality.” Among
commentators on corporate strategy, it is widely accepted that knowledge and competence …

A survey of 4378 significant innovations shows that firms with fewer than 1000 employees
commercialised a much larger share than is indicated by their share of R & D expenditures …

One of the largest bodies of literature in the field of industrial organization is devoted to the
interpretation and testing of several hypotheses advanced by Joseph Schumpeter (1950) …

Using data from the Federal Trade Commission's Line of Business Program and survey
measures of technological opportunity and appropriability conditions, this paper finds that …