Digitization has fundamentally changed how content is produced, distributed, and consumed in cultural industries where novelty is an essential and necessary ingredient for success. Using the book publishing industry as a setting, we investigate whether and how digitization impacts content novelty.…Read More
This project aims to estimate the welfare effects of this strategy in the biotechnology industry, using a structural model of the investment decisions of VCs during the drug development process and the product market for the successful drugs.…Read More
The main aim of this project is to understand how online aggregators such as TripAdvisor or Yelp have impacted competition in the restaurant market, and whether and how much they have benefited consumers.…Read More
Although the relationship between competition and firm innovation has long been of scholarly interest, prior research has predominantly considered changes in internal research and development (R&D) as a strategic response to competitors’ actions.…Read More
This paper explores how multimarket overlap in knowledge activities influences firm decisions to internationalize their homecountry generated innovations.…Read More
Adding to the literature on the recognition and spread of ideas, and alongside the bias against novelty view documented in prior research, we introduce the perspective that articles compete for the attention of researchers who might build upon them. …Read More
Prior work suggests that more valuable patents are cited more and this view has become standard in the empirical innovation literature. Using an NPE-derived dataset with patent-specific revenues we find that the relationship of citations to value in fact forms an inverted-U, with fewer citations at the high end of value than in the middle.…Read More
Shlomy Kattan, Executive Director of the Adult Literacy XPrize Competition, shares about the development of the XPrize foundation since its inception in 1994 and how the competition he oversees is working to make reading more accessible to everyone.…Read More
Some firms in the technology sector choose to cooperate with competitors (“co-opetition”) in Standards Setting Organizations (SSOs). These SSOs create technology standards that facilitate rapid market penetration of new technologies such as Wi-Fi, Bluetooth, and Blue-Ray. …Read More
We examine how competitive tensions and cooperative motivations together shape firms’ interactions and group‐level outcomes during technology coordination activities in multifirm settings. …Read More
We examine the role of price transparency in consumer preferences and demand. We assemble a detailed dataset on the driving school industry in Portugal to quantify how firms present the price of the course of instruction, and its individual components, to potential students.…Read More
Pictured: Winning teams (Team Wharton Prime and Team Delphi) and judges The Mack Institute for Innovation Management co-sponsored the Amazon to Philadelphia Case Competition for Penn students to analyze why Amazon should locate their new headquarters in Philadelphia. The event brought together Penn and Wharton faculty, students, and the city…Read More
While there is overwhelming support for the negative consequences of product recalls, empirical evidence of operational drivers of recalls is almost nonexistent. In this study, we identify product variety, plant variety, and capacity utilization as drivers of subsequent manufacturing-related recalls.…Read More
We explore the relationship between competition among downstream commercializing firms (e.g. incumbent pharmaceutical firms) and upstream innovative firms (e.g. startup biotechnology firms). We find that in an alliance regime, common in high technology industries, competition among the commercializing firms can reduce the productivity of the innovators, resulting in a net loss of societal welfare (e.g. less drugs invented and brought to market). …Read More
We study how firms simultaneously engage in competition and cooperation in technology standard-setting multipartner alliances. Departing from prior research that has typically explored competition in isolation from cooperation, we bridge these two literatures by examining firm communication and community consensus in these venues.…Read More
In knowledge-based industries, continuous human-capital investments are essential for firms to enhance capabilities and sustain competitive advantage. However, such investments present a dilemma for firms, because human resources are mobile.…Read More
In recent years, online retailers (also called e-tailers) have started allowing manufacturers direct access to their customers while charging a fee for providing this access, a format commonly referred to as agency selling. In this paper, we use a stylized theoretical model to answer a key question that e-tailers are facing: When should they use an agency selling format instead of using the more conventional reselling format?…Read More
This study explores the reciprocal relationship between the nature and duration of competition, and innovation outcomes. We propose that the perpetually driven, reciprocal sequence of competitive action and reaction known as the “Red Queen” in evolutionary biology is a cardinal force behind the success of innovations.…Read More
We investigate the business model configurations associated with high and low firm performance by conducting a qualitative comparative analysis of firms competing in Formula One racing. We find that configurations of two business models — one focused on selling technology to competitors, the other one on developing and trading human resources with competitors — are associated with high performance.…Read More
In crowdsourcing contests, choices about contest structure affect both number and quality of entries. Funded Researcher Pinar Yildrim shares knowledge about how firms can get their ideal results by manipulating contest structure.…Read More
