Publications
by members of
Karl-Franzens-Universität Graz → Social- und Wirtschaftswissenschaftliche Fakultät → Institut für Organisation und Industrieökonomik
University of Graz → Faculty of Social and Economic Sciences → Institute of Organization and Economics of Institutions
These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service. Thus this compiles the works all those currently affiliated with this institution, not those affilated at the time of publication. List of registered members. Register yourself. Citation analysis. This page is updated in the first days of each month.| Working papers | Journal articles | Books | Chapters |
Working papers
2023
- Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2023, "Dynamic investment strategies and leadership in product innovation," Other publications TiSEM, Tilburg University, School of Economics and Management, number b157153f-94ae-484a-9b27-d.
- Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2023, "Dynamic investment strategies and leadership in product innovation," European Journal of Operational Research, Elsevier, volume 306, issue 1, pages 431-447, DOI: 10.1016/j.ejor.2022.06.046.
2016
- Kopel, Michael & Marini, Marco A., 2016, "Organization and Governance in Social Economy Enterprises: an Introduction," MPRA Paper, University Library of Munich, Germany, number 80452, Sep.
- Michael KOPEL & Marco A. MARINI, 2016, "Organization And Governance In Social Economy Enterprises: An Introduction," Annals of Public and Cooperative Economics, Wiley Blackwell, volume 87, issue 3, pages 309-313, December.
2013
- Michael Kopel & Marco Marini, 2013, "Strategic Delegation In Consumer Cooperatives Under Mixed Oligopoly," Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, number 1306, revised 2013.
- Michael Kopel & Marco Marini, 2014, "Strategic delegation in consumer cooperatives under mixed oligopoly," Journal of Economics, Springer, volume 113, issue 3, pages 275-296, November, DOI: 10.1007/s00712-013-0384-y.
2012
- Michael Kopel & Marco A. Marini, 2012, "Optimal Compensation Structure in Consumer Cooperatives under Mixed Oligopoly," DIS Technical Reports, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza", number 2012-06.
- M. Kopel & L. Lambertini, 2012, "On price competition with market share delegation contracts," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp806, Jan.
- Michael Kopel & Luca Lambertini, 2013, "On Price Competition with Market Share Delegation Contracts," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 34, issue 1, pages 40-43, January.
- M. Kopel & L. Lambertini, 2012, "On the (non) existence of a price equilibrium in delegation games with relative performance compensation," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp807, Jan.
2008
- Julian Dormann & Thomas Ehrmann & Michael Kopel, 2008, "Managing the Evolution of Cooperation," Papers on Economics and Evolution, Philipps University Marburg, Department of Geography, number 2008-01, Jan.
2002
- G.I. Bischi, & C. Chiarella & M. Kopel, 2002, "On Market Games with Misspecified Demand Functions : Long Run Outcomes and Global Dynamics," Computing in Economics and Finance 2002, Society for Computational Economics, number 27, Jul.
2000
- Herbert Dawid & M. Kopel & G.-I. Bischi, 2000, "Spillover Effects, Adaptive Learning And Long Run Market Shares," Computing in Economics and Finance 2000, Society for Computational Economics, number 191, Jul.
Undated
- Kopel, Michael & Marini, Marco A., undated, "Mandatory Disclosure of Managerial Contracts in Nonprofit Organizations," 2030 Agenda, Fondazione Eni Enrico Mattei (FEEM), number 308022, DOI: 10.22004/ag.econ.308022.
- Michael Kopel & Marco A. Marini, 2020, "Mandatory Disclosure of Managerial Contracts in Nonprofit Organizations," Working Papers, Fondazione Eni Enrico Mattei, number 2020.26, Dec.
- Michael Kopel & Marco A. Marini, 2020, "Mandatory Disclosure of Managerial Contracts in Nonprofit Organizations," Working Papers, Sapienza University of Rome, DISS, number 23/20, Nov.
Journal articles
2024
- Kopel, Michael & Ramani, Vinay, 2024, "The bright side of the planning fallacy in distribution channels," European Journal of Operational Research, Elsevier, volume 314, issue 2, pages 540-551, DOI: 10.1016/j.ejor.2023.10.040.
2023
- Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2023, "Dynamic investment strategies and leadership in product innovation," European Journal of Operational Research, Elsevier, volume 306, issue 1, pages 431-447, DOI: 10.1016/j.ejor.2022.06.046.
- Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2023, "Dynamic investment strategies and leadership in product innovation," Other publications TiSEM, Tilburg University, School of Economics and Management, number b157153f-94ae-484a-9b27-d.
- Kopel, Michael & Löffler, Clemens, 2023, "Tax differences and international location strategies," International Journal of Production Economics, Elsevier, volume 256, issue C, DOI: 10.1016/j.ijpe.2022.108749.
2022
- Kopel, Michael & Marini, Marco A., 2022, "Mandatory disclosure of managerial contracts in NGOs," Journal of Economic Behavior & Organization, Elsevier, volume 199, issue C, pages 65-85, DOI: 10.1016/j.jebo.2022.05.010.
2021
- Kopel, Michael & Putz, Eva Maria, 2021, "Why socially concerned firms use low-powered managerial incentives: A complementary explanation," Economic Modelling, Elsevier, volume 94, issue C, pages 473-482, DOI: 10.1016/j.econmod.2020.11.002.
- Michael Kopel, 2021, "CSR leadership, spillovers, and first-mover advantage," Decisions in Economics and Finance, Springer;Associazione per la Matematica, volume 44, issue 2, pages 489-505, December, DOI: 10.1007/s10203-021-00328-9.
- Michael Kopel & Eva Maria Putz, 2021, "Sharing managerial contract information in a vertically related market," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 42, issue 4, pages 1037-1047, June, DOI: 10.1002/mde.3290.
- Michael Kopel & Eva Maria Putz, 2021, "Information sharing in a Cournot–Bertrand duopoly," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 42, issue 7, pages 1645-1655, October, DOI: 10.1002/mde.3348.
2020
- Habiger, Peter & Kopel, Michael, 2020, "Strategic delegation in successive oligopolies with differentiated firms," Economics Letters, Elsevier, volume 194, issue C, DOI: 10.1016/j.econlet.2020.109357.
- Herbert Dawid & Michael Kopel & Peter M. Kort, 2020, "Product innovation with partial capacity rollover," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, volume 28, issue 2, pages 479-496, June, DOI: 10.1007/s10100-019-00648-7.
- Michael Kopel & Christian Riegler & Georg Schneider, 2020, "Providing Managerial Accounting Information in the Presence of a Supplier," European Accounting Review, Taylor & Francis Journals, volume 29, issue 4, pages 803-823, July, DOI: 10.1080/09638180.2019.1694955.
2019
- Kopel, Michael & Petrakis, Emmanuel & Ressi, Anna, 2019, "Endogenous scope of firm-union bargaining with vertical pay comparisons," Journal of Economic Behavior & Organization, Elsevier, volume 167, issue C, pages 39-52, DOI: 10.1016/j.jebo.2019.09.017.
- Michael Kopel & Anna Ressi, 2019, "Vertical Boundaries and Endogenous Intensity of Social Comparison," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, volume 175, issue 2, pages 207-227, DOI: 10.1628/jite-2018-0018.
2018
- Harald HINTERECKER & Michael KOPEL & Anna RESSI, 2018, "Ceo Activism And Supply Chain Interactions," Annals of Public and Cooperative Economics, Wiley Blackwell, volume 89, issue 1, pages 235-249, March.
- Kopel, Michael & Lamantia, Fabio, 2018, "The persistence of social strategies under increasing competitive pressure," Journal of Economic Dynamics and Control, Elsevier, volume 91, issue C, pages 71-83, DOI: 10.1016/j.jedc.2018.03.005.
2017
- Michael Kopel & Anna Ressi & Luca Lambertini, 2017, "Capturing Direct and Cross Price Effects in a Differentiated Products Duopoly Model," Manchester School, University of Manchester, volume 85, issue 3, pages 282-294, June.
- Kopel, Michael & Löffler, Clemens & Pfeiffer, Thomas, 2017, "Complementary monopolies and multi-product firms," Economics Letters, Elsevier, volume 157, issue C, pages 28-30, DOI: 10.1016/j.econlet.2017.05.021.
2016
- Michael KOPEL & Marco A. MARINI, 2016, "Organization And Governance In Social Economy Enterprises: An Introduction," Annals of Public and Cooperative Economics, Wiley Blackwell, volume 87, issue 3, pages 309-313, December.
- Kopel, Michael & Marini, Marco A., 2016, "Organization and Governance in Social Economy Enterprises: an Introduction," MPRA Paper, University Library of Munich, Germany, number 80452, Sep.
- Kopel, Michael & Löffler, Clemens & Pfeiffer, Thomas, 2016, "Sourcing strategies of a multi-input-multi-product firm," Journal of Economic Behavior & Organization, Elsevier, volume 127, issue C, pages 30-45, DOI: 10.1016/j.jebo.2016.04.001.
- Michael Kopel & Mario Pezzino & Anna Ressi, 2016, "Location Choice and Contract Bargaining," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 37, issue 2, pages 140-148, March.
2015
- Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2015, "Product innovation incentives by an incumbent firm: A dynamic analysis," Journal of Economic Behavior & Organization, Elsevier, volume 117, issue C, pages 411-438, DOI: 10.1016/j.jebo.2015.07.001.
- Michael Kopel, 2015, "Price and Quantity Contracts in a Mixed Duopoly with a Socially Concerned Firm," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 36, issue 8, pages 559-566, December.
2014
- Bischi, Gian Italo & Kopel, Michael & Szidarovszky, Ferenc, 2014, "A note on the paper ‘On dynamical multi-team Cournot game in exploitation of a renewable resource’," Chaos, Solitons & Fractals, Elsevier, volume 62, issue , pages 34-35, DOI: 10.1016/j.chaos.2014.04.002.
- Kopel, Michael & Lamantia, Fabio & Szidarovszky, Ferenc, 2014, "Evolutionary competition in a mixed market with socially concerned firms," Journal of Economic Dynamics and Control, Elsevier, volume 48, issue C, pages 394-409, DOI: 10.1016/j.jedc.2014.06.001.
- Michael Kopel & Marco Marini, 2014, "Strategic delegation in consumer cooperatives under mixed oligopoly," Journal of Economics, Springer, volume 113, issue 3, pages 275-296, November, DOI: 10.1007/s00712-013-0384-y.
- Michael Kopel & Marco Marini, 2014, "Erratum to: Strategic delegation in consumer cooperatives under mixed oligopoly," Journal of Economics, Springer, volume 113, issue 3, pages 297-297, November, DOI: 10.1007/s00712-013-0388-7.
- Michael Kopel & Marco Marini, 2013, "Strategic Delegation In Consumer Cooperatives Under Mixed Oligopoly," Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, number 1306, revised 2013.
- Gian Bischi & Jose Cánovas & Michael Kopel, 2014, "Foreword to the special issue on nonlinear economic dynamics," Decisions in Economics and Finance, Springer;Associazione per la Matematica, volume 37, issue 1, pages 1-2, April, DOI: 10.1007/s10203-013-0151-0.
2013
- Dawid, Herbert & Kopel, Michael & Kort, Peter M., 2013, "New product introduction and capacity investment by incumbents: Effects of size on strategy," European Journal of Operational Research, Elsevier, volume 230, issue 1, pages 133-142, DOI: 10.1016/j.ejor.2013.04.002.
- Dawid, H. & Kopel, M. & Kort, P.M., 2013, "R&D competition versus R&D cooperation in oligopolistic markets with evolving structure," International Journal of Industrial Organization, Elsevier, volume 31, issue 5, pages 527-537, DOI: 10.1016/j.ijindorg.2013.09.003.
- Michael Kopel & Luca Lambertini, 2013, "On Price Competition with Market Share Delegation Contracts," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 34, issue 1, pages 40-43, January.
- M. Kopel & L. Lambertini, 2012, "On price competition with market share delegation contracts," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp806, Jan.
2012
- Kopel, Michael & Brand, Björn, 2012, "Socially responsible firms and endogenous choice of strategic incentives," Economic Modelling, Elsevier, volume 29, issue 3, pages 982-989, DOI: 10.1016/j.econmod.2012.02.008.
- Michael Kopel & Clemens Löffler, 2012, "Organizational Governance, Leadership, and the Influence of Competition," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, volume 168, issue 3, pages 362-392, September.
2010
- Dawid, Herbert & Kopel, Michael & Kort, Peter M., 2010, "Innovation threats and strategic responses in oligopoly markets," Journal of Economic Behavior & Organization, Elsevier, volume 75, issue 2, pages 203-222, August.
- H. Dawid & M. Kopel & P. Kort, 2010, "Dynamic strategic interaction between an innovating and a non-innovating incumbent," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, volume 18, issue 4, pages 453-463, December, DOI: 10.1007/s10100-010-0173-4.
2009
- Herbert Dawid & Michael Kopel & Thomas Dangl, 2009, "Trash It Or Sell It? A Strategic Analysis Of The Market Introduction Of Product Innovations," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., volume 11, issue 03, pages 321-345, DOI: 10.1142/S0219198909002340.
2008
- Kopel, Michael & Westerhoff, Frank & Wieland, Cristian, 2008, "Regulating complex dynamics in firms and economic systems," Chaos, Solitons & Fractals, Elsevier, volume 38, issue 3, pages 911-919, DOI: 10.1016/j.chaos.2007.01.015.
- Michael Kopel & Clemens Löffler, 2008, "Commitment, first-mover-, and second-mover advantage," Journal of Economics, Springer, volume 94, issue 2, pages 143-166, July, DOI: 10.1007/s00712-008-0004-4.
2007
- Bischi, Gian Italo & Kopel, Michael & Matsumoto, Akio, 2007, "Preface," Journal of Economic Behavior & Organization, Elsevier, volume 62, issue 3, pages 323-3(), March.
2006
- M. Kopel & F. Szidarovszky, 2006, "Resource Dynamics under Partial Cooperation in an Oligopoly," Journal of Optimization Theory and Applications, Springer, volume 128, issue 2, pages 393-410, February, DOI: 10.1007/s10957-006-9018-7.
- Michael Kopel & Christian Riegler, 2006, "R&D in a strategic delegation game revisited: a note," Managerial and Decision Economics, John Wiley & Sons, Ltd., volume 27, issue 7, pages 605-612, DOI: 10.1002/mde.1271.
2005
- Gian-Italo Bischi & Michael Kopel & Ferenc Szidarovszky, 2005, "Expectation-Stock Dynamics in Multi-Agent Fisheries," Annals of Operations Research, Springer, volume 137, issue 1, pages 299-329, July, DOI: 10.1007/s10479-005-2262-7.
2004
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel, 2004, "The Long Run Outcomes And Global Dynamics Of A Duopoly Game With Misspecified Demand Functions," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., volume 6, issue 03, pages 343-379, DOI: 10.1142/S0219198904000253.
2003
- Herbert Dawid & Michael Kopel, 2003, "A Comparison of Exit and Voice Relationships Under Common Uncertainty," Journal of Economics & Management Strategy, Wiley Blackwell, volume 12, issue 4, pages 531-555, December, DOI: 10.1111/j.1430-9134.2003.00531.x.
- Bischi, G. -I. & Dawid, H. & Kopel, M., 2003, "Gaining the competitive edge using internal and external spillovers: a dynamic analysis," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11-12, pages 2171-2193, September.
- Bischi, G.-I. & Dawid, H. & Kopel, M., 2003, "Gaining the competitive edge using internal and external spillovers: a dynamic analysis," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11, pages 2171-2193, DOI: 10.1016/S0165-1889(02)00120-3.
- Bischi, G. -I. & Dawid, H. & Kopel, M., 2003, "Spillover effects and the evolution of firm clusters," Journal of Economic Behavior & Organization, Elsevier, volume 50, issue 1, pages 47-75, January.
2001
- Bischi, Gian Italo & Kopel, Michael, 2001, "Equilibrium selection in a nonlinear duopoly game with adaptive expectations," Journal of Economic Behavior & Organization, Elsevier, volume 46, issue 1, pages 73-100, September.
2000
- Bischi, Gian Italo & Gardini, Laura & Kopel, Michael, 2000, "Analysis of global bifurcations in a market share attraction model," Journal of Economic Dynamics and Control, Elsevier, volume 24, issue 5-7, pages 855-879, June.
1999
- Nabih Agiza, Hamdy & Italo Bischi, Gian & Kopel, Michael, 1999, "Multistability in a dynamic Cournot game with three oligopolists," Mathematics and Computers in Simulation (MATCOM), Elsevier, volume 51, issue 1, pages 63-90.
- Michael Kopel & Herbert Dawid, 1999, "On optimal cycles in dynamic programming models with convex return function," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 13, issue 2, pages 309-327.
1998
- Kopel, M. & Dawid, H. & Feichtinger, G., 1998, "Periodic and chaotic programs of intertemporal optimization models with non-concave net benefit function," Journal of Economic Behavior & Organization, Elsevier, volume 33, issue 3-4, pages 435-447, January.
- Michael Kopel & Herbert Dawid, 1998, "On economic applications of the genetic algorithm: a model of the cobweb type," Journal of Evolutionary Economics, Springer, volume 8, issue 3, pages 297-315.
- Michael Kopel, 1998, "Zur verzerrten Performancemessung in Agency-Modellen," Schmalenbach Journal of Business Research, Springer, volume 50, issue 6, pages 531-550, June, DOI: 10.1007/BF03371520.
1997
- Dawid, Herbert & Kopel, Michael, 1997, "On the Economically Optimal Exploitation of a Renewable Resource: The Case of a Convex Environment and a Convex Return Function," Journal of Economic Theory, Elsevier, volume 76, issue 2, pages 272-297, October.
- Michael Kopel & Gustav Feichtinger & Herbert Dawid, 1997, "Complex solutions of nonconcave dynamic optimization models (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 9, issue 3, pages 427-439.
- Michael Kopel, 1997, "Improving the performance of an economic system: Controlling chaos," Journal of Evolutionary Economics, Springer, volume 7, issue 3, pages 269-289.
1996
- Kopel, Michael, 1996, "Periodic and chaotic behaviour of a simple R&D model," Ricerche Economiche, Elsevier, volume 50, issue 3, pages 235-265, September.
1993
- Feichtinger, Gustav & Kopel, Michael, 1993, "Chaos in nonlinear dynamical systems exemplified by an R & D model," European Journal of Operational Research, Elsevier, volume 68, issue 2, pages 145-159, July.
1991
- W. Scherrer & M. Deistler & M. Kopel & W. Reitgruber, 1991, "Solution sets for linear dynamic errors‐in‐variables models," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, volume 45, issue 4, pages 391-404, December, DOI: 10.1111/j.1467-9574.1991.tb01318.x.
Books
2010
- Gian Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "Nonlinear Oligopolies," Springer Books, Springer, number 978-3-642-02106-0, ISBN: ARRAY(0x6fa099e0), DOI: 10.1007/978-3-642-02106-0.
Chapters
2018
- Michael Kopel & Mario Pezzino, 2018, "Strategic delegation in oligopoly," Chapters, Edward Elgar Publishing, chapter 10, in: Luis C. Corchón & Marco A. Marini, "Handbook of Game Theory and Industrial Organization, Volume II".
2015
- Michael Kopel & Mario Pezzino & Björn Brand, 2015, "Strategic Location Choice, R&D, and Sourcing Strategies," Dynamic Modeling and Econometrics in Economics and Finance, Springer, in: Pasquale Commendatore & Saime Kayam & Ingrid Kubin, "Complexity and Geographical Economics", DOI: 10.1007/978-3-319-12805-4_12.
- Thomas Ehrmann & Brinja Meiseberg & Michael Kopel, 2015, "Effects of Evolutionary Rules on Cooperative Tendencies in Franchising Networks," Springer Books, Springer, in: Josef Windsperger & Gérard Cliquet & Thomas Ehrmann & Georg Hendrikse, "Interfirm Networks", DOI: 10.1007/978-3-319-10184-2_5.
2010
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "The Classical Cournot Model," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_1.
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "Concave Oligopolies," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_2.
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "General Oligopolies," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_3.
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "Modified and Extended Oligopolies," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_4.
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "Oligopolies with Misspecified and Uncertain Price Functions, and Learning," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_5.
- Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010, "Overview and Directions for Future Research," Springer Books, Springer, chapter 0, "Nonlinear Oligopolies", DOI: 10.1007/978-3-642-02106-0_6.
2009
- Michael Kopel, 2009, "Oligopoly Dynamics," Chapters, Edward Elgar Publishing, chapter 6, in: J. Barkley Rosser Jr., "Handbook of Research on Complexity".
2008
- Michael Kopel & Christian Riegler, 2008, "Chapter 10 Delegation in an R&D Game with Spillovers," Contributions to Economic Analysis, Emerald Group Publishing Limited, "The Economics of Innovation", DOI: 10.1016/S0573-8555(08)00210-1.
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