Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52921 
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dc.contributor.authorAoki, Masahikoen
dc.contributor.authorTakizawa, Hirokazuen
dc.date.accessioned2011-12-14T09:43:52Z-
dc.date.available2011-12-14T09:43:52Z-
dc.date.issued2002-
dc.identifier.isbn9291901415en
dc.identifier.urihttp://hdl.handle.net/10419/52921-
dc.description.abstractThis paper analyzes the ‘Silicon Valley model’ as a novel economic institution in the domain of technological product system innovation such as computers. We focus on the information structural relationship as well as governance relationships between venture capitalists and a cluster of entrepreneurial firms. The informational conditions under which the Silicon Valley model is efficient are identified, leading to understanding the significance of standardization of interfaces, modularization and information encapsulation. We then examine the governance/incentive aspect of the model by integrating the models by Aoki, and Baldwin and Clark to give comparative statics results regarding the optimal number of entrepreneurial firms competing in the same component product. The analyses enable us to evaluate the applicability of the model beyond specific localities and industries.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Discussion Paper |x2002/11en
dc.subject.jelP51en
dc.subject.jelP52en
dc.subject.ddc330en
dc.subject.keywordSilicon Valleyen
dc.subject.keywordinnovation enterprisesen
dc.subject.keywordtournament gamesen
dc.subject.stwInnovationsmanagementen
dc.subject.stwTheorieen
dc.titleUnderstanding the Silicon Valley phenomena-
dc.typeWorking Paperen
dc.identifier.ppn345965361en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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