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Contents: 1. The engines of the creative response: the introductory framework -- 2. Innovation as an emergent system …The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions …, with his colleagues, the Schumpeterian framework established in the author's previous work Endogenous Innovation: The …
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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 …
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The paper elaborates the notion of innovation as an emerging property of complex system dynamics and presents an agent …, reacting to out-of-equilibrium conditions, can actually take advantage of external knowledge available within the innovation …
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The paper explores the causes and effects of persistence in the discretionary allocation of public subsidies to R&D activities performed by private firms in high-tech and low-tech industries. It applies the distinction between virtuous Matthew-effects and vicious Matthew-effects. The former...
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