Projects_Innovation
Volkswagen Foundation Project "Innovation and Coordination"
This international research project aims to develop a theoretical framework to examine the different phases of the genesis of
technology-based innovations (research and development) and the market entry of those innovations.
Within three modules, each of which focuses on the coordination problems of market participants, management researchers,
economists, psychologists, and statisticians from Germany and the United States are brought together to form an interdisciplinary
research team.
Rational behaviour, as predicted by normative game theoretical models, will be compared to that of actual economic agents using
laboratory experiments and will be augmented through findings from behavioural game theory, which accounts for agent’s bounded
rationality. In this way, an approach which will complement and expand on past innovation research will be developed.
The project is financed by a generous grant from the Volkswagen Foundation.
Participating Researchers:
- Professor Dr. Christian Schade
School of Economics and Business
Institute for Entrepreneurial Studies and Innovation Management
- Professor Ph.D. David Krantz
Department of Psychology
- Professor Ph.D. Howard Kunreuther
Wharton School
Risk Management and Decision Processes Center
- Professor Dr. Christian Wey
Department of Information Society and Competition
Financing: