Joachim Henkel

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This paper discusses the economic merits of direct or indirect governmental support for open source projects. Software markets differ from standard textbook markets in three important respects that may give rise to market failures: (i) large economies of scale, (ii) crucially important innovations, (iii) significant network effects and switching costs. We(More)
Empirical studies of innovation have found that end users frequently develop important product and process innovations. Defying conventional wisdom on the negative effects of uncompensated spillovers, innovative users also often openly reveal their innovations to competing users and to manufacturers. Rival users are thus in a position to reproduce the(More)
The evaluation process of venture capitalists (VCs) has received much attention in the fields of entrepreneurship and finance, as it gives valuable insights into the criteria that distinguish successful from unsuccessful new firms. The underlying premise of these studies is that VC evaluations are objective, i.e. they predict actual start-up success without(More)
The link between firms engaging in open source software (OSS) development and the OSS community is established by individual developers. This linkage might entail a principalagent issue due to the developer’s double allegiance to firm and OSS community, and expose the firm to the risk of losing intellectual property. Using both interviews and a large-scale(More)
The “open source development process” has received considerable attention. It means that loosely co-ordinated, geographically dispersed developers collaborate. While in prototypical open source projects developers are unpaid volunteers, the involvement of commercial firms has recently increased enormously. There are some areas of open source software where(More)