The fundamental question in the economics of innovation is how technological change is generated in competitive markets … endeavours to explain firm success in a Schumpeterian world of innovation-based competition, performance rivalry, increasing …

This chapter is about radical innovation and disruptive technological change. Discovering the nature and mechanisms of … disruptive technological change can help to understand the long-run dynamics of innovation and map profound transformation in … here remain the cornerstone of a useful theory of innovation and change even in our current complex sociotechnical …

Disruptive innovation, according to business literature, occurs when an innovative product is brought to a market, such … existing value network in so doing. By now, disruptive innovation is a frequent entry strategy, and it is usually beneficial … for welfare. Despite an ever growing literature on innovation and competition policy, the latter is not well placed to …

properties that can expand disruptive innovation theory, namely: 1) disruptive technology has a disproportionate growth in …