An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations … economics of self-organization of dynamic markets by ignorant actors -- Firms Navigating Through Innovation Spaces: A … Conceptualization -- A Proposal for a ‘National Innovation System plus Subjective Well Being’ Approach and an Evolutionary Systemic …

Innovation: Conditions to Successfully Create Novelty for Economic Development -- Innovation: Induced Structural Change …, Coping and Normative Assessment -- Innovation and the Evolution of Capitalism …This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its …

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the … exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An … mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the …

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …