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An Experiment On Innovation And Collusion, Andrew Smyth
An Experiment On Innovation And Collusion, Andrew Smyth
Economics Faculty Research and Publications
This paper examines the relationship between product innovation and the success of price collusion using novel laboratory experiments. Average market prices in low innovation (LO) experiments are significantly higher than those in high innovation, but otherwise identical experiments. This price difference is attributed to LO experimental subjects' greater common market experience. The data illustrate how collusion can be perceived as the "only way to make it" in LO markets where product innovation is not a viable strategy for increasing profits. They suggest that product homogeneity can be a proximate cause, and product innovation an ultimate cause, of collusion.
Beware Of Moocs, Gerry Canavan
Beware Of Moocs, Gerry Canavan
English Faculty Research and Publications
Gerry Canavan, an assistant professor in the English department at Marquette University in Milwaukee, WI, shared his concerns about this new wave of e-learning with Higher Education Brief in this exclusive Q&A article. He said MOOCs are an ineffective medium for learning and that they de-skill and de-professionalize academia.
Balanced Innovation Management, David R. King
Balanced Innovation Management, David R. King
Management Faculty Research and Publications
The Department of Defense has demonstrated success in managing innovation. The military’s approach to innovation management extends beyond traditional distinctions between internal and external innovation modes. Summarizing specific innovation strategies available to managers develops recognition of this growing reality. The article concludes with resulting lessons that can be more widely adopted by managers.
Implications Of Technological Uncertainty On Firm Outsourcing Decisions, David R. King
Implications Of Technological Uncertainty On Firm Outsourcing Decisions, David R. King
Management Faculty Research and Publications
Outsourcing inherently considers what activity needs to reside within a given firm. The difficulty of exchanges between firms in the face of uncertainty affects where work on developing and producing new products is performed. Theory is developed and explored using a case study that explains firm sourcing decisions as a response to uncertainty within the context of industry structure and related transaction costs. Viewing outsourcing broadly results in a better delineation of outsourcing options. Implications for management research and practice are identified.