A puzzling feature of many medical innovations is that they simultaneously appear to reduce unit costs and increase total costs. We consider this phenomenon by examining the diffusion of percutaneous transluminal coronary angioplasty (PTCA) -- a treatment for coronary artery disease -- over the...

A puzzling feature of many medical innovations is that they simultaneously appear to reduce unit costs and increase total costs. We consider this phenomenon by examining the diffusion of percutaneous transluminal coronary angioplasty (PTCA) -- a treatment for coronary artery disease -- over the...

Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the important co-evolutionary dimensions of innovation....

Moderne Innovationsprozesse sind durch eine zunehmende Komplexität gekennzeichnet, die dafür verantwortlich ist, daß kaum ein Unternehmen mehr allein in der Lage ist, alle relevanten Entwicklungen zu verfolgen, geschweige denn zu beherrschen. Aus diesem Grund wird der Rückgriff auf externe...