An important legacy of Nathan Rosenberg’s work is the notion of general purpose technologies (GPTs). This paper studies whether and when firms specialize in developing GPTs and trading them in intermediate markets, a strategy we call “specialization in generality”. In particular, we address whether and under what contingencies this is a long-term strategy adopted by firms as they age—against the “common wisdom” that aging firms specialize in downstream product markets.

Specializing in general purpose technologies as a firm long-term strategy

Conti, Raffaele;Gambardella, Alfonso
;
Novelli, Elena
2019

Abstract

An important legacy of Nathan Rosenberg’s work is the notion of general purpose technologies (GPTs). This paper studies whether and when firms specialize in developing GPTs and trading them in intermediate markets, a strategy we call “specialization in generality”. In particular, we address whether and under what contingencies this is a long-term strategy adopted by firms as they age—against the “common wisdom” that aging firms specialize in downstream product markets.
2019
2019
Conti, Raffaele; Gambardella, Alfonso; Novelli, Elena
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4013984
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