Innovation is the result of intentional decision-making that takes place in out-of-equilibrium conditions …-of-equilibrium conditions. The farther away the firm from equilibrium, the stronger the likelihood for innovation to take place. The hypothesis …

During the last 40 years, economics of innovation has emerged as a distinct area of enquiry at the crossing of the …, elaboration and evolution of different fields of analysis in economic theory, innovation is viewed as a complex, path …