I am honored to have been asked to appear before the Antitrust Modernization Commission to address the “New Economy” issues that the Commission is studying. Many of you on the Commission are well versed in these issues based on you own experiences. I will offer my perspective today based on my ten years at the Federal Trade Commission, where I spent much of my time enforcing the antitrust laws ...

The degree of offshore outsourcing in the high-tech industries has increased rapidly in past decades. Because of this trend, economists have been debating whether offshore outsourcing is hollowing out U.S. high-tech firms’ core competencies in intangibles. To contribute to the debate, I first develop a forward-looking profit model and use Compustat dataset to measure the capital stock and depre...

with regard to competitive advantage complexity and specific characteristics of high tech industries, in this research by a cognitive mapping methodology we develop a qualitative model for interpreting the competitive advantage in company level for high tech industries. in first, after describing the research problem, we present a comparative review of four recent theories of firm and competiti...

This study aims to explore and understand the role of return migrants in the regional innovation system of a transition economy (China) by analyzing the activities of returning entrepreneurs in two emerging high-tech industries in Shanghai. The empirical analysis is based on in-depth interviews with founders of high-tech companies and experts in Shanghai. The results of the analysis reveal that...

After the Cold War, defense industries found themselves at a crossroads. However, it seems that they are gaining new momentum, as technologies such robotics and artificial intelligence enabling development of autonomous, highly innovative disruptive intelligent systems. Despite this impetus, there still doubts about where to invest limited financial resources boost high-tech industries. In orde...