WebbRecent developments of Internet-based digital technologies have revealed a huge potential of developing open, collaborative and network-centred innovation. However, firms face major challenges in using new technologies for rapid prototyping, data-mining, simulation, visualization, etc. to support th… Webb• Ecosystem success depends on complementary activities and virtuous circles (for example, digital content, digital rights management, and smartphones); • Ecosystems can be proprietary or open (e.g., LTE versus Bluetooth) • Edgeworth complements and Cournot complements are largely irrelevant to the innovation context.
EconPapers: Profiting from innovation in the digital economy: …
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