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are expected to experience accelerated growth due to innovation in the bioeconomy. Associated benefits and risks for … that expectation patterns in more recent fields of bio-based innovation are subject to early “hype cycle” dynamics. Our …
Persistent link: https://www.econbiz.de/10012428807
organization's process innovation output is an open question. In this study, we investigate how a firm's accumulated related and … firms' process innovation output, we observe their portfolios of patented manufacturing inventions, which we qualitatively …
Persistent link: https://www.econbiz.de/10013465303
The recent financial crises pointed out the central role of public and private debt in modern economies. However, even if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into account debt as one of the crucial determinants of...
Persistent link: https://www.econbiz.de/10010309605
suited to explain money creation along the lines of mainstream theory. Additionally it uncovers a potential instability that …
Persistent link: https://www.econbiz.de/10010317976
The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...
Persistent link: https://www.econbiz.de/10010309601
Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...
Persistent link: https://www.econbiz.de/10010299956
In wissensbasierten Volkswirtschaften ist die Fähigkeit, Neuerungen zu generieren, sich - anzueignen und zu verbreiten eine zentrale Quelle komparativer Vorteile. Warum verbreiten sich Innovationen nicht reibungslos? Warum kann Wissen in zwei scheinbar ähnlichen Ländern so unterschiedlich...
Persistent link: https://www.econbiz.de/10010301998
-line extension (an upgrade through innovation) before it faces generic competition. There are two types of physicians: loyal … firm decides the level of innovation. In the second-stage, all firms decide sequentially their prices, with the incumbent … innovation, the incumbent firm competes for the price-sensitive physicians. However, for low levels of innovation, the incumbent …
Persistent link: https://www.econbiz.de/10010317100
This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …
Persistent link: https://www.econbiz.de/10010273365
investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect …
Persistent link: https://www.econbiz.de/10010300296