Economic Analysis Of Product Innovation

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The Microeconomics of Product Innovation

Paul Stoneman,Eleonora Bartoloni,Maurizio Baussola
The Microeconomics of Product Innovation Book PDF

Author : Paul Stoneman,Eleonora Bartoloni,Maurizio Baussola
Publisher : Oxford University Press
Page : 269 pages
File Size : 41,7 Mb
Release : 2018
Category : Business & Economics
ISBN : 9780198816676

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The Microeconomics of Product Innovation by Paul Stoneman,Eleonora Bartoloni,Maurizio Baussola Pdf

Economics has not given sufficient attention to the microeconomic analysis of innovation and technological change. Counteracting this imbalance, The Microeconomics of Product Innovation considers how the use of economic analysis can guide and inform the search for insight in the generation and adoption of new products synonymously labelled product innovation. Written in an accessible tone and restricting its analysis to the use of microeconomics, this book encompasses the definition of product innovation. It explores means of measurement and revealed patterns of the extent of product innovation; the economic analysis of the forces driving the demand for, the supply of, and incentives to generate new products; empirical evidence upon the determinants of the extent of product innovation; the diffusion of product innovations; product innovation and firm performance; price measurement under product innovation; product innovation and welfare; and public policy and product innovation.

Economic Analysis of Product Innovation

Manuel Trajtenberg
Economic Analysis of Product Innovation Book PDF

Author : Manuel Trajtenberg
Publisher : Harvard University Press
Page : 260 pages
File Size : 50,7 Mb
Release : 1990
Category : Business & Economics
ISBN : 0674225406

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Economic Analysis of Product Innovation by Manuel Trajtenberg Pdf

One of the most striking features of contemporary industrial economies is their ability to offer an ever-expanding and improving range of products. Personal computers, tiny pacemakers, digital watches, and VCRs simply did not exist, and were not even dreamt of, only a few decades ago. Such product innovations play an increasingly important role in modern economic growth, and it is therefore imperative that economists come to grips with them, just as they have done with traditional economic phenomena. In this skillfully crafted and imaginative study, Manuel Trajtenberg develops the tools to quantify and analyze the notion of product innovation. He argues persuasively that the magnitude of an innovation should be equated with the social benefits that it generates. Drawing from the "characteristics approach" to demand theory and the econometrics of discrete choice, he presents an ingenious method to estimate the benefits from product innovations that accrue to the consumer over time. His method centers on consumer preferences for different product attributes -such as speed and size of memory in computers-and then uses those preferences to evaluate the changes in attributes. Trajtenberg applies his approach to the study of one of the most remarkable innovations in medical technology--Computed Tomography (CT) scanners. He assembled for that purpose an impressive set of data on every aspect of the new technology, from qualities and prices, patents and research, to details on virtually every sale in the United States during the decade following the introduction of CT in 1973. This close-up view of an innovation, quite rare in economic literature, offers valuable insights on the nature of the innovative process, the interaction between innovation and diffusion, the effects of uncertainty about quality, and the implications of changing preferences.

Quality Innovation

G. M. P. Swann
Quality Innovation Book PDF

Author : G. M. P. Swann
Publisher : Praeger
Page : 200 pages
File Size : 41,9 Mb
Release : 1986-04-22
Category : Business & Economics
ISBN : UOM:39015011164459

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Quality Innovation by G. M. P. Swann Pdf

This book offers one of the first analyses of the economic forces behind the introduction of new, improved versions of existing microelectronic products, with particular emphasis on the microelectronics components industry from 1960 to 1983. Swann begins with a concise account of the theories of quality innovation and quality choice. He discusses the byproducts of microelectronic technology, the measurement of computer systems and hence, product quality, and the most important issues in the economics of product design and production. He demonstrates that quality innovation in microprocessors can be described by a time series of price functions, an important preliminary for an econometric analysis of quality choice. The quality innovation strategies of individual microelectronics producers and the changing demand for their products are examined and described. As an alternative perspective on the analysis of quality demand, the author provides three case studies examining whether, from an engineering point of view, the quality of available of available components hampered the development of particular applications. These case studies provide a realistic understanding of the many issues that must be resolved before microelectronic innovations can be used effectively. In conclusion, Swann contends that the market incentive for quality innovation often appears well before the end-user is able to appreciate fully the true value of the innovation.

Quality Innovation

G. M. P. Swann
Quality Innovation Book PDF

Author : G. M. P. Swann
Publisher : Praeger
Page : 0 pages
File Size : 49,8 Mb
Release : 1986-04-22
Category : Business & Economics
ISBN : 9780899301938

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Quality Innovation by G. M. P. Swann Pdf

This book offers one of the first analyses of the economic forces behind the introduction of new, improved versions of existing microelectronic products, with particular emphasis on the microelectronics components industry from 1960 to 1983. Swann begins with a concise account of the theories of quality innovation and quality choice. He discusses the byproducts of microelectronic technology, the measurement of computer systems and hence, product quality, and the most important issues in the economics of product design and production. He demonstrates that quality innovation in microprocessors can be described by a time series of price functions, an important preliminary for an econometric analysis of quality choice. The quality innovation strategies of individual microelectronics producers and the changing demand for their products are examined and described. As an alternative perspective on the analysis of quality demand, the author provides three case studies examining whether, from an engineering point of view, the quality of available of available components hampered the development of particular applications. These case studies provide a realistic understanding of the many issues that must be resolved before microelectronic innovations can be used effectively. In conclusion, Swann contends that the market incentive for quality innovation often appears well before the end-user is able to appreciate fully the true value of the innovation.

Economic Approaches to Innovation

Steve Dowrick
Economic Approaches to Innovation Book PDF

Author : Steve Dowrick
Publisher : Edward Elgar Publishing
Page : 250 pages
File Size : 54,8 Mb
Release : 1995
Category : Business & Economics
ISBN : 1858982480

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Economic Approaches to Innovation by Steve Dowrick Pdf

Economic modelling of innovation demands a great deal from economists since it requires them to analyse the new and unknown. This volume brings together contributions from a distinguished group of scholars who review a wide range of different theoretical and empirical economic approaches to this important topic. Beginning with a survey of recent economic analysis on the role of innovation in driving growth, this volume features papers on the mainstream approaches to the welfare economics of innovation, the pitfalls and delays involved in bringing major inventions to market and the public subsidy of research. Later chapters examine pricing strategies for new products, models of productivity growth, knowledge spillovers across national boundaries and the effect of innovation on income distribution. While recognising the many non-economic factors needed to explain innovation, Economic Approaches to Innovation demonstrates that economic analysis has much to offer in its modelling of key concepts such as uncertainty, private information, incentives and public goods.

The Economic Analysis of Technological Change

Paul Stoneman
The Economic Analysis of Technological Change Book PDF

Author : Paul Stoneman
Publisher : Oxford [Oxfordshire] ; New York : Oxford University Press
Page : 296 pages
File Size : 49,6 Mb
Release : 1983
Category : Business & Economics
ISBN : UOM:39015006068426

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The Economic Analysis of Technological Change by Paul Stoneman Pdf

This book presents a comprehensive view of the economic approach to the analysis of technical change.

Radical Product Innovation in Network Economies

Philipp Leutiger
Radical Product Innovation in Network Economies Book PDF

Author : Philipp Leutiger
Publisher : diplom.de
Page : 112 pages
File Size : 52,5 Mb
Release : 2002-07-24
Category : Business & Economics
ISBN : 9783832456580

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Radical Product Innovation in Network Economies by Philipp Leutiger Pdf

Inhaltsangabe:Abstract: The focus of this thesis is set on radical product introductions in network markets. It appears that these have to overcome significant impediments to reach critical mass in the form of network externalities. A literature overview of economic analysis in this field, including network types, value of networks, path dependencies and lock-ins, as well as a detailed critique of these frameworks, is provided. We then discuss several possible avenues to overcome these challenges, some of which relate to the optimal boundaries of the firm, as well as some which attempt to tackle market externalities. From these, a market based framework will be developed as a guideline for radical product introductions into network economies. We analyse business cases in light of this framework in a selection of historic examples. In addition, as we find that contradictory arguments abound in chapter three, a second approach is proposed tentatively as basis for further research. Besides it s theoretic approach this thesis also provides real world examples from different geographic areas, such as the U.S., Europe and Japan. A special emphasis will be put on the market of payment solutions now emerging in Europe, and, in particular, on the German start-up Paybox.net AG. Inhaltsverzeichnis:Table of Contents: ContentsI AcknowledgementsIII List of FiguresIV List of TablesV List of AbbreviationsVI List of SymbolsIX AbstractX 1.Introduction1 1.1The Business Challenge1 1.2Scope and Outline of this Thesis2 1.3Establishing an M-Payment System: The Story of Paybox.net AG4 2.The Environment: Impediments for Product Introductions6 2.1Chapter Overview6 2.2Radical Innovations and Network Economies6 Introducing a Radical Innovation6 An Introduction to Networks10 Types of Networks14 Value of Networks18 2.3"New Economics"21 Increasing Returns21 Commitment and Lock-In22 New Rules?25 2.4Market Environment for Payment Systems31 Success Factors for Payment Systems31 Cashless Payment Processes33 Potential Innovators in the Payment Arena34 Summary: Payment Systems and the Theories of "New Economics"38 3.Remedies: Tackling Network Externalities40 3.1Chapter Overview40 3.2The Radical Innovator41 The Vertical Silo41 The Atomizer42 The Independent Team44 3.3Market Success Factors46 Open System Strategies versus Proprietary Network Control46 Focusing on Niche Markets51 Expectations Management53 Favorable Resource Allocation to [...]

The Economics of Production and Innovation

Gerhard Rosegger
The Economics of Production and Innovation Book PDF

Author : Gerhard Rosegger
Publisher : Oxford ; New York : Pergamon Press
Page : 308 pages
File Size : 52,6 Mb
Release : 1986
Category : Production (Economic theory)
ISBN : STANFORD:36105038118969

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The Economics of Production and Innovation by Gerhard Rosegger Pdf

The role of technology and innovation in increasing the competitiveness of firms and industries in domestic and international markets is of major concern to economists, industrial managers and public officials. The author provides an introduction into the economic analysis of production and technological change, exploring innovation, in the broadest sense, as an economic activity.

An Economic Analysis of Innovation

Markus Balzat
An Economic Analysis of Innovation Book PDF

Author : Markus Balzat
Publisher : Edward Elgar Publishing
Page : 187 pages
File Size : 43,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 1845426169

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An Economic Analysis of Innovation by Markus Balzat Pdf

The economic analysis of innovation is important because economic growth in highly industrialized countries and international competitiveness are driven by innovations and technological change. At the same time, marked nation-specific features exist in the structure of innovative activities and in innovative success. For the study of these national characteristics, the concept of national innovation systems constitutes a powerful and widely applied inter-disciplinary framework in modern innovation theory. This book illuminates this concept from different perspectives. Starting from fundamental conceptual and theoretical issues, it describes and discusses the main development lines of the approach of national innovation systems, and goes on to illustrate an empirical application of this branch of research, offering a new alternative for the quantitative comparative study of national innovation systems.This book will be of great interest to economists, scholars and policymakers dealing with innovation, technology, research and development, national innovation systems and international competitiveness.

Entrepreneurship and Innovation

Bruce A. McDaniel
Entrepreneurship and Innovation Book PDF

Author : Bruce A. McDaniel
Publisher : M.E. Sharpe
Page : 292 pages
File Size : 41,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 076563516X

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Entrepreneurship and Innovation by Bruce A. McDaniel Pdf

This is a groundbreaking economic analysis of entrepreneurship and the development process for innovation. The author strives to distinguish the role of the capitalist from that of an entrepreneur, and to show how the actions of the entrepreneur impact new employment, economic growth, and advancements in the overall standard of living. The book provides in-depth discussion of several critical concepts: the economic development of a product; Schumpeter's temporary monopoly control; the economic bounds of product and process innovations; and changing production functions. It also develops and integrates an analysis of how innovation-induced modifications in either products or processes affect both short-run and long-run average costs in production. As a special feature, each chapter includes an interview with a successful entrepreneur, and suggested readings are also provided.

Entrepreneurship and Innovation: An Economic Approach

Bruce A. McDaniel
Entrepreneurship and Innovation An Economic Approach Book PDF

Author : Bruce A. McDaniel
Publisher : Routledge
Page : 288 pages
File Size : 49,6 Mb
Release : 2014-12-18
Category : Business & Economics
ISBN : 9781317471370

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Entrepreneurship and Innovation: An Economic Approach by Bruce A. McDaniel Pdf

This is a groundbreaking economic analysis of entrepreneurship and the development process for innovation. The author strives to distinguish the role of the capitalist from that of an entrepreneur, and to show how the actions of the entrepreneur impact new employment, economic growth, and advancements in the overall standard of living. The book provides in-depth discussion of several critical concepts: the economic development of a product; Schumpeter's "temporary monopoly control;" the economic bounds of product and process innovations; and changing production functions. It also develops and integrates an analysis of how innovation-induced modifications in either products or processes affect both short-run and long-run average costs in production. As a special feature, each chapter includes an interview with a successful entrepreneur. Suggested readings are also provided.

Regional Economic Analysis of Innovation and Incubation

Evert Jan Davelaar
Regional Economic Analysis of Innovation and Incubation Book PDF

Author : Evert Jan Davelaar
Publisher : Unknown
Page : 358 pages
File Size : 40,7 Mb
Release : 1991
Category : Business & Economics
ISBN : UOM:39015019821787

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Regional Economic Analysis of Innovation and Incubation by Evert Jan Davelaar Pdf

This book develops a theoretical framework for the space-time trajectory of new life cycles of industries and technologies. The main emphasis is on how the emergence of new technologies leads to a discontinuous shaping of spatio-economic structures. In order to verify the framework, various tertable hypotheses are derived from it which are then tested, by way of empirical analysis.

Innovation and Employment

Charles Edquist,Leif Hommen,Maureen D. McKelvey
Innovation and Employment Book PDF

Author : Charles Edquist,Leif Hommen,Maureen D. McKelvey
Publisher : Edward Elgar Publishing
Page : 224 pages
File Size : 41,9 Mb
Release : 2001-01-01
Category : Technology & Engineering
ISBN : 9781843762874

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Innovation and Employment by Charles Edquist,Leif Hommen,Maureen D. McKelvey Pdf

This book is an important addition to what can be broadly referred to as the national systems of innovation (NSI) approach. The particular contribution of the book is in the examination of the employment effects of innovation, something only indirectly considered hitherto. . . It is a thorough integration of existing knowledge on the key employment implications of innovation. . . Rachel Parker, Labour and Industry This is a highly readable, non-technical book . . . a highly clear and well-argued book that should be useful for policymakers and higher education alike. It brings together much of the most recent and useful literature in the area of innovation, employment and related public policy. It is an opportune addition to the existing documentation on the subject. Journal of Economics / Zeitschrift für Nationalökonomie Which kinds of growth lead to increased employment and which do not? This is one of the questions that this important volume attempts to answer. The book explores the complex relationships between innovation, growth and employment that are vital for both research into, and policy for, the creation of jobs. Politicians claiming that more rapid growth would remedy unemployment do not usually specify what kind of growth is meant. Is it, for example, economic (GDP) or productivity growth? Growing concern over jobless growth requires both policymakers and researchers to make such distinctions, and to clarify their employment implications. The authors initially address their theoretical approach to, and conceptualization of, innovation and employment, where the distinction between process and product innovations and between high-tech and low-tech goods and services are central. They go on to address the relationship between innovation and employment, using empirical material to analyse the effects that different kinds of innovations have upon job creation and destruction. Finally, the volume summarizes the findings and addresses conclusions as well as policy implications. This book will be of great interest to those involved in research and policy in the fields of macroeconomics (economic growth and employment), industrial economics and innovation.

Product Innovation, Interactive Learning and Economic Performance

J.L. Christensen,Bengt-Ake Lundvall
Product Innovation Interactive Learning and Economic Performance Book PDF

Author : J.L. Christensen,Bengt-Ake Lundvall
Publisher : Elsevier
Page : 373 pages
File Size : 52,8 Mb
Release : 2004-12-14
Category : Business & Economics
ISBN : 9780762311569

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Product Innovation, Interactive Learning and Economic Performance by J.L. Christensen,Bengt-Ake Lundvall Pdf

The aim of this book is to contribute to the understanding of product innovation - how it takes place and how it affects firms and the economy. It links product innovation to interactive learning and to the performance of firms. It studies the interconnections between these three elements on the basis of unique data sets and detailed case studies. The book will prove helpful for managers, employees and policy makers as well as for scholars and students who want to understand the role of product innovation in the economy. In the book it is shown that product innovation is of major importance. For the economy as a whole, the introduction of new products is fundamental for economic growth. Process innovation without product innovation would sooner or later result in economic stagnation and in what has been called technological unemployment. In turbulent sectors product innovation is necessary for firms to survive and grow. The book also shows that product innovation is a complex and multi-dimensional phenomenon. In order to capture this complexity authors combine different theoretical perspectives, different levels of aggregation, and different methodological approaches.

The Economics of Innovation

Roberto Cellini,Luca Lambertini
The Economics of Innovation Book PDF

Author : Roberto Cellini,Luca Lambertini
Publisher : Emerald Group Publishing
Page : 252 pages
File Size : 45,7 Mb
Release : 2008-06-30
Category : Business & Economics
ISBN : 9781849505376

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The Economics of Innovation by Roberto Cellini,Luca Lambertini Pdf

A collection of original research papers by a number of industrial organization economists active in the field of Research and Development theory and policy. It covers patent policy, the effects of market structure and the internal organization of the firm on R&D incentives and technical progress, and R&D cooperation and technological spillovers.