This paper analyzes a special type of technology evolution, referred to in the literature as disruptive technology vs. sustaining technology. In general, ldquo;oldrdquo; products based on sustaining technology are perceived to be superior to the ldquo;newrdquo; ones based on disruptive...

A vast literature exists on disruptive technologies. However, some fundamental questions are unknown, such as: how to measure the growth of disruptive technologies in competitive markets? How is the pathway of technological cycle of disruptive innovations? The study confronts these questions...

The fundamental question in the economics of innovation is how technological change is generated in competitive markets. This study confronts this question here by developing the concept of disruptive firms that deliberate introduce new and improved generations of durable goods that destroy,...

In this chapter we discuss the role of natural resources and endowment structures on structural change. Departing from theories of trade that stress specialization according to one's comparative advantages as the key route to development, we articulate an alternative point of view on the role of...

The Telecommunications Act of 1996 (the "1996 Act"), by stressing the reduction or elimination of entry barriers that prevent the fragmentation of market structure and an increase in the number of competitors, established competition and deregulation as the foundation for public policy towards...