Browsing Department of Innovation and Organizational Economics (INO) by Title
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Does it make sense?Bille, Trine (Frederiksberg, 2010)[More information][Less information]
Abstract: This paper discusses the concept of the experience economy in a Nordic context and shows how the Nordic version of the concept has come about from a mix of three different approaches and theories. Besides, the Nordic definition links the experience economy closely with cultural activities. In the Nordic countries the experience economy has been developed in a political context and it is apparently a popular development policy for local government authorities and regions. This paper discusses the Nordic definition of experience economy and questions if it makes any sense. The definition of experiences is not clear, and the definition of the word “economy” has different interpretations as well. In a narrow interpretation the term economy is related to market economic value, which is used in the political terminology. The paper shows that the experience economy can follow three different routes to market value creation, and how the growth opportunities for the different experience areas will depend on three different trends. Therefore, it can be shown that only some experience areas are growing, and the market value creation occurs in very different ways and to very different extents within, and in relation to, the different experience areas. The greatest growth potential resides probably in the broad value creation in association with the experience areas. But the experience economy does not lend itself to any consistent definition. URI: http://hdl.handle.net/10398/8012 Files in this item: 1
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Bilagsmateriale fra "ophavsret i den danske oplevelsesøkonomi: Tal og tendenser"Singal, Kunal; Lorenzen, Mark (Frederiksberg, 2009)[More information][Less information]
URI: http://hdl.handle.net/10398/8217 Files in this item: 1
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'Being Infringed' as a Normatively Induced Innovation Exploitation StrategyReitzig, Markus; Henkel, Joachim; Heath, Christopher (, 2006)[More information][Less information]
Abstract: Patent trolls (or sharks) are small patent holding individuals or firms who trap R&D intense manufacturers in patent infringement situations in order to receive damage awards for the illegitimate use of their technology. While of great concern to management, their existence and impact for both corporate decision makers and policy makers remains to be fully analyzed from an academic standpoint. In this paper we show why patent sharks can operate profitably, why they are of growing concern, how manufacturers can forearm themselves against them, and which issues policy makers need to address. To do so, we map international indemnification rules with strategic rationales of small patent-holding firms within a game-theoretical model. Our central finding is that the courts’ unrealistic consideration of the trade-offs faced by inadvertent infringers is a central condition for sharks to operate profitably. Keywords: Patent, patent shark, patent troll, damage award, infringement JEL Classifications: M00, M11, M21, K00, K11, K33 URI: http://hdl.handle.net/10398/7249 Files in this item: 1
ssrn-id885914.pdf (277.4Kb) -
Drewsen, Merete; Lando, Henrik; Cummins, Tim (København, 2006)[More information][Less information]
Abstract: This is not a theoretical paper but an application of existing law and economic contract theory to the issue of how to draft a specific kind of contract. It is addressed to practitioners and is intended for practical use. It will be part of a Wiki (as in Wikipedia) for contract drafting, which IACCM (International Association for Contract and Commercial Management) has initiated. The main theoretical aspect of the article concerns the application of the value maximization principle (the Coase theorem) to the drafting of confidentiality agreements. While the article is not theoretical, its prescriptions are open to theoretical dispute; this may especially be the case for the section on the size of damages. URI: http://hdl.handle.net/10398/7250 Files in this item: 1
ssrn-id917927.pdf (114.9Kb) -
Foss, Nicolai Juul (København, 1997)[More information][Less information]
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The Contingent Value of Networked CollaborationVaarst Andersen, Kristina (Frederiksberg, 2011)[More information][Less information]
Abstract: Co-location of industry professionals often leads to development of collaboration networks, and multiple studies have emphasized the benefits of embedded collaboration. Due to higher levels of trust, embedded collaboration reduces transaction costs and facilitates ready knowledge exchanged. Other studies have pointed to dangers of over-embeddedness. The argument is that too high levels of embeddedness lead to habitual thinking, preferential treatment, and thereby mitigate performance. However, research on the conditions under which embeddedness in different types of collaboration networks primarily yields costs or benefits still leaves much to be investigated.... URI: http://hdl.handle.net/10398/8352 Files in this item: 1
Kristina_Vaarst_Andersen.pdf (2.825Mb) -
Lando, Henrik (København, 2008)[More information][Less information]
Abstract: When a court sets standards of due care in a tort or contract case with a view to how the standards will affect future behavior of parties similar to the litigants, it should sometimes realize that only one of the two future parties is likely to become informed of the standards. The standards can then only have a direct effect on the behavior of the informed party, and it may be thought that the court should hold the informed party strictly liable, which maximizes this effect. However, this ignores that the informed party may, although strictly liable, lower her level of care in order to induce the uninformed party to take greater care. In this situation, the negligence rule may do better than strict liability, since the discontinuity of the negligence rule can prevent the informed party from strategically lowering her level of care. Under the negligence rule, optimal standards are sensitive to whether the informed party acts first and to whether she is the injurer or the victim. For both the informed and the uninformed, there are circumstances in which the standard should be higher than first best and other circumstances where it should be lower. URI: http://hdl.handle.net/10398/7221 Files in this item: 1
wp01-2008.pdf (121.8Kb) -
an Austrian viewSautes, Frédéric E.; Foss, Nicolai Juul (København, 1999)[More information][Less information]
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The Case of 'Making-or-Buying' ArticlesVang, Jan (København, 2003)[More information][Less information]
Abstract: In this paper the two canonical theories of the firm - transaction costs economics and the knowledge-based view of the firm – predictions on ‘make-or-buy’ are tested on the news industry. The news industry provides an interesting case on which to test the two theories since it is characterized by a high degree of urgency. Urgency refers to the need to catch and process inputs fast. A tendency that is becoming more widespread in other industries where the production cycle tends to be reduced. The test is don on original data on the newspaper industry collected by the author. The conclusions drawn are that that newspapers are organized differently than is predicted from the knowledge-based view of the firm and transaction cost economics. The newspapers do no specialize in core competencies measured in terms of topics covered. On the contrary, a precondition for outsourcing is well-developed competencies in house. The widespread use of integration cannot either be explained as a solution to hold up either, such as transaction cost economics predicts. The reason behind has to be sought in urgency. URI: http://hdl.handle.net/10398/7259 Files in this item: 1
03-13.pdf (345.4Kb) -
noter til en tiltrædelsesforelæsningFoss, Nicolai Juul (København, 1998)[More information][Less information]
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Do Patents "Crowd Out” Prizes?Davis, Jerome; Davis, Lee (København, 2006)[More information][Less information]
Abstract: Debate over the merits of patents versus inducement prizes has tended to ignore the signaling roles of patents, and totally ignores the impact of patent signaling on prize contests. This paper asks: How does patent signaling affect the strategic choices of firms considering entering prize contests? First, we consider contests that do not allow patenting, then contests that do. If patenting is not allowed, we argue, patent-holders, both internal and external to the contest, can adversely impact prize contests by claiming prize winner violation of their patents, and suing for damages. The likelihood of such challenges being made can deter entry, particularly in contests requiring large sunk costs. Furthermore, the firm's decisionmaking process will discriminate against entering prize contests and favor R&D projects with patentable outcomes. Together, these problems may circumscribe any future wider role for prize contests, and limit their major putative welfare advantage: the ability to place prize winning solutions into the public domain. In contests where entrants may patent their inventions, entry is subject to basically the same problems as above (although such contests may carry some advantages as regards contest design). Our overall conclusion is that prize contests are liable to fail due to the lack of potential entrants, particularly as regards entry on the part of larger commercial firms. URI: http://hdl.handle.net/10398/7204 Files in this item: 1
ipr-w_12-davisdavis-mai03-1.pdf (332.8Kb) -
Knudsen, Christian (København, 2002)[More information][Less information]
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an evolutionary perspective on outsourcingMahnke, Volker (København, 2002)[More information][Less information]
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How firms organize the production of user modifications in the computer games industryJeppesen, Lars Bo (København, 2004)[More information][Less information]
Abstract: Modding – the modification of existing products by consumers – is increasingly exploited by manufacturers to enhance product development and sales. In the computer games industry modding has evolved into a development model in which users act as unpaid "complementors" to manufacturers’ product platforms. This article explains how manufacturers can profit from their abilities to organize and facilitate a process of innovation by user communities and capture the value of the innovations produced in such communities. When managed strategically, two distinct, but not mutually exclusive business models appear from the production of user complements: firstly, a manufacturer can let the (free) user complements "drift" in the user communities, where they increase the value to consumers of owning the given platform and thus can be expected to generate increased platform sales, and secondly, a manufacturer can incorporate and commercialize the best complements found in the user communities. Keywords: innovation, modding, user communities, software platform, business model. JEL code(s): L21; L23; O31; O32 URI: http://hdl.handle.net/10398/7227 Files in this item: 1
wp 2004-03_main doc.pdf (265.4Kb) -
toward a resource-based viewFoss, Nikolaj Juul; Iversen, Mikael (København, 1997)[More information][Less information]
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Lando, Henrik (København, 2007)[More information][Less information]
Abstract: This article suggests a rationale for statutes of limitations in sales law, i.e. for the practice of cutting off buyers’ remedies after the expiration of a limitation period. The rationale is based on the notion of wear and tear, which carries two implications: First, a good that breaks down after several periods of use is likely to be of nearly optimal quality, and in this case little is gained by allowing a claim. Second, the number of dysfunctions is likely to increase over time, which implies that the pool of potential claims, and in particular the pool of unjustified claims, is likely to increase over time. It will be shown theoretically that these implications can provide a rationale for cutting off claims. The rationale will be supported with empirical evidence stemming from a recent extension of the limitation period from one to two years in Denmark. URI: http://hdl.handle.net/10398/7237 Files in this item: 1
wp06-2007.pdf (237.2Kb) -
on procedural and consequential interests of the rule-guided individualKaisla, Jukka (København, 2001)[More information][Less information]
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Foss, Nicolai Juul (København, 1998)[More information][Less information]
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Lorenzen, Mark (København, 1999)[More information][Less information]
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Individuals, Teams and Research Infrastructure in the European UnionFoss, Kirsten; Foss, Nicolai (København, 2003)[More information][Less information]
Abstract: This report maps research in institutional economics in management science in the European Union for the 1995 to 2002 period. The reports applies Internet search based on a university listing, search on journal databases, key informants and an internet-based survey. 195 researchers are identified. In (sub-)disciplinary terms, organization, strategy, corporate governance, and international business are the major areas of application of institutional economics ideas. In terms of countries, the EU strongholds are Holland, Denmark, UK, and Germany. There is apparently no or very little relevant research in Ireland, Portugal, Luxembourg and Greece. Based on the findings of the report, it seems warranted to characterize the EU research effort in the field as being rather dispersed and uncoordinated. Thus, there are no specialized journals, associations or PhD courses. This state of affairs is partly explainable by the highly pragmatic way in which research in management science is typically conducted (so that institutional economics approaches are likely to be merely one type of input among many). Keywords Institutional economics, management science, European union. URI: http://hdl.handle.net/10398/7278 Files in this item: 1
wp03-03.pdf (1.012Mb)