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...

The purpose of the paper is to find out whether linkages between productivity and innovation are different among Estonian service sector sub-sectors. In this paper productivity is measured as value added per employee. An original approach toward measurement of productivity is used, decomposing it into three components: labour costs, depreciation and gross profit per employee. Four types of inno...

This essay is composed of a review of theoretical references by means of a critical conceptual analysis of aspects applicable to the theme of innovation and technology. It indicates that the innovative process is challenging as it allows for a variety of interpretations and involves the administration of competencies in the scope of technology and management. Thoughtful practice requires time, ...

Global value chains (GVCs) have revolutionized production processes and many companies no longer produce goods services entirely in one single country or within their own organizational boundaries. Through offshoring outsourcing, are sliced up activities dispersed to locations actors where they can be produced executed most efficiently. The fine slicing of GVCs also implies that innovation geog...

IT business value research has identified a dual role of IT investment: to increase the firm’s productivity by improving or replacing other inputs, and to reshape intermediate value-creation processes. Innovation is one such process that has been recognised as critically important. This paper incorporates the innovation process in a model of overall production to estimate the effect of IT in th...

Though the hi-tech industry has focused on value innovation and improving the quality of the new product development (NPD) process to drive new product performance, new product success has not changed dramatically over the years. This study presents a novel approach based on structural equation modeling (SEM) and adaptive neuro-fuzzy inference system (ANFIS) to forecast value innovation and the...