Output details

Dominance and innovation: a returns-based beliefs approach

Professor Dan Friedman, University of California wrote, “That the ambition behind this idea is commendable, and...harkens back to earlier decades when Cambridge University was a leader in fundamental research in the social sciences” (quotation with permission from correspondence of 24/6/13). Professor David Banks, Duke University wrote, “This outstanding paper addresses a key question with a new methodology. The key question is how a firm’s decision to invest in innovation is related to the firm’s market dominance, competition, and prospects...The clear and important finding is that the returns-based beliefs model outperforms traditional game-theoretic explanations” (quotation with permission from letter of 29/6/13).