Many markets are characterized by a fundamental informational asymmetry: the seller of a product knows better its quality than the buyer. Also in many markets, the seller cannot credibly communicate the quality…
It is well-known that R&D and innovation investments by the private sector suffer from market failure and thus the investment level in the economy is below the social desirable level. It is also a well-known…
In a number of industries, the success and sustainability of a new rm's business strategy is tied to its sequential decisions to enter multiple markets. In all these industries, rms face the key challenge to…
Since the deregulation of the U.S. airline industry in 1978, a substantial number of new carriers emerged; particularly those following a low cost strategy. Given those airlines’ rapid growth and market success…
The not-invented-here (NIH) syndrome refers to internal resistance in a company against externally developed knowledge. Although previous research has shown that firms can benefit significantly from external…
