The author is grateful to the anonymous associate editor and three anonymous reviewers for their support and contributions to the revisions of this work. For helpful comments and suggestions, the author thanks Vicki Bogan, Chris Forman, Ori Heffetz, David Just, Tobias Kretschmer, Aija Leiponen, Ted O’Donoghue, Marcel Preuss, Alex Rees-Jones, David Tan, and Axel Zeijen as well as seminar participants at the Cornell Behavioral Economics Research Group; the Consortium on Competitiveness and Cooperation Doctoral Conference; the Innovation, Entrepreneurship, and Technology Brown Bag at Cornell; the Technology and Innovation Management group at Eidgenössische Technische Hochschule Zürich; the Institute for Strategy, Technology, and Organization at Ludwig-Maximilians-Universität München; the Max Planck Institute for Innovation & Competition; and the Workshop on Information Systems Economics.