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A Closed Economy Model of Horizontal and Vertical Product Differentiation: The Case of Innovation in Biotechnology
Acharya, Rohini; Ziesemer, Thomas - In: Economics of Innovation and New Technology 4 (1996) 3, pp. 245-264
In endogenous growth theory models have either increasing or constant ranges of product variety. Developments in modem biotechnology however show cases of increasing, decreasing or constant ranges of product variants. We present a simple endogenous growth model allowing for all of these three...
Persistent link: https://www.econbiz.de/10009205315
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Innovation and coordination: A schutzian perspective
Yu, Tony Fu-Lai - In: Economics of Innovation and New Technology 12 (2003) 5, pp. 397-412
This paper discusses the nature of innovation, the innovation process and its associated coordination problems in the … subjectivist perspective. It argues that innovation, when viewed in the first person perspective, is not a homogeneous concept …. Instead, the degree of newness of an innovation is determined subjectively by adopters. The stages of the innovation process …
Persistent link: https://www.econbiz.de/10005484575