Property as Process: How Innovation Markets Select Innovation Regimes

Offshoring as Process Innovation

This paper studies offshoring (defined as a change in firms’ own production location from north to south) and market structure. I develop a model of dynamic oligopoly with offshoring, and estimate it using data from the hard disk industry. The results suggest the incentive to offshore increases as more rivals offshore due to competitive pressure. The possibility of offshoring sets in motion the...

Innovation as an Emerging System Property

The paper elaborates the notion of innovation as an emerging property of complex system dynamics and presents an agent-based simulation model (ABM) of an economy where systemic knowledge interactions among heterogeneous agents are crucial for the recombinant generation of new technological knowledge and the introduction of innovations. In this approach the organization of the system plays a cru...

Technological Innovation as an Evolutionary Process

and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. A catalogue record for this book is available from the British Library Library of Congress Cataloguing in Publication data Technological innovation as an evolutionary process / edited by John Ziman on behalf of the Epistemolo...

Carbon markets and technological innovation

This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with price cap and price floor, and compare it to the special cases of pure taxation and simple emissions cap. Innovation shifts the tradeoff between priceand quantity-based instruments toward...

Innovation in Complementary Internet Markets