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 …

The paper elaborates the notion of innovation as an emerging property of complex system dynamics and presents an agent … the system plays a crucial role in assessing the chances of individual firms to actually introduce innovations because it … takes place only when the structural, organizational and institutional characteristics of the system are such that agents …

This paper contributes the analysis of the persistence of innovation activities, as measured by different innovation …&D investments in innovation persistence and analyses differentiated patterns of persistence across product and process innovation … of innovation persistence. The highest level of persistence is found for R&D-based innovation activities, witnessing the …

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