The Economics Of Persistent Innovation An Evolutionary View

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The Economics of Persistent Innovation: An Evolutionary View

Christian Bas,William Latham
The Economics of Persistent Innovation An Evolutionary View Book PDF

Author : Christian Bas,William Latham
Publisher : Springer Science & Business Media
Page : 265 pages
File Size : 44,8 Mb
Release : 2009-06-04
Category : Science
ISBN : 9780387292458

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The Economics of Persistent Innovation: An Evolutionary View by Christian Bas,William Latham Pdf

William Latham Christian Le Bas Persistence of firm innovative behavior became an important topic in applied industrial organization with the publication of the seminal empirical work of P. Geroski and his colleagues (1997). Evidence that firms innovate persistently has led previous studies to focus on the determinants of innovation persistence and on its heterogeneity across industries, technologies and countries. The aims of this book are: (1) to illumine the scale and scope of the phenomenon of persistence in innovation, and (2) to account for the principal factors that explain why some firms innovates persistently and others do not. Because this book deals intensively and extensively with the subject of firm innovation persistence, which is not, as yet, a well-known term, we need to provide a nontrivial definition of it that encompasses the full range topics we want to address and aids our understanding of how they are related to each other. We begin with a careful identification of "innovation. " Our first definition is drawn from K. Pavitt (2003), "innovation processes involve the exploration and exploitation of opportunities for a new or improved product, process or service, based either on an advance in technical practice or a change in market demand, or a combination of the two. " While this definition is clear, and conforms well to both our empirical and theoretical perspectives, some elaboration may help to clarify the concept.

Innovation, Economics and Evolution

Peter H. Hall
Innovation Economics and Evolution Book PDF

Author : Peter H. Hall
Publisher : Unknown
Page : 444 pages
File Size : 53,9 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105016059482

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Innovation, Economics and Evolution by Peter H. Hall Pdf

Explores how changing technology can influence economic systems and vice versa. This text studies the impact of innovation on inter-firm competition at the industry level; technological progress and long run growth; and the economics of the firm as it relates to adopting innovations.

Modern Evolutionary Economics

Richard R. Nelson,Giovanni Dosi,Constance E. Helfat,Andreas Pyka,Sidney G. Winter
Modern Evolutionary Economics Book PDF

Author : Richard R. Nelson,Giovanni Dosi,Constance E. Helfat,Andreas Pyka,Sidney G. Winter
Publisher : Cambridge University Press
Page : 285 pages
File Size : 48,8 Mb
Release : 2018-05-03
Category : Business & Economics
ISBN : 9781108427432

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Modern Evolutionary Economics by Richard R. Nelson,Giovanni Dosi,Constance E. Helfat,Andreas Pyka,Sidney G. Winter Pdf

Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.

New Developments in Evolutionary Innovation

Gino Cattani,Mariano Mastrogiorgio
New Developments in Evolutionary Innovation Book PDF

Author : Gino Cattani,Mariano Mastrogiorgio
Publisher : Oxford University Press
Page : 224 pages
File Size : 46,7 Mb
Release : 2021-05-13
Category : Business & Economics
ISBN : 9780192573964

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New Developments in Evolutionary Innovation by Gino Cattani,Mariano Mastrogiorgio Pdf

The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.

Evolutionary Economics and Creative Destruction

J. Stanley Metcalfe
Evolutionary Economics and Creative Destruction Book PDF

Author : J. Stanley Metcalfe
Publisher : Psychology Press
Page : 171 pages
File Size : 45,6 Mb
Release : 2006
Category : Evolutionary economics
ISBN : 9780415406482

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Evolutionary Economics and Creative Destruction by J. Stanley Metcalfe Pdf

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

Innovation, Organization and Economic Dynamics

Giovanni Dosi
Innovation Organization and Economic Dynamics Book PDF

Author : Giovanni Dosi
Publisher : Edward Elgar Publishing
Page : 728 pages
File Size : 40,9 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 1782541853

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Innovation, Organization and Economic Dynamics by Giovanni Dosi Pdf

Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the

An Evolutionary Theory of Economic Change

Richard R. Nelson,Sidney G. Winter
An Evolutionary Theory of Economic Change Book PDF

Author : Richard R. Nelson,Sidney G. Winter
Publisher : Harvard University Press
Page : 420 pages
File Size : 54,9 Mb
Release : 1985-10-15
Category : Business & Economics
ISBN : 9780674256569

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An Evolutionary Theory of Economic Change by Richard R. Nelson,Sidney G. Winter Pdf

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Innovation Economics, Engineering and Management Handbook 1

Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto
Innovation Economics Engineering and Management Handbook 1 Book PDF

Author : Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto
Publisher : John Wiley & Sons
Page : 466 pages
File Size : 43,9 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781119832485

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Innovation Economics, Engineering and Management Handbook 1 by Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto Pdf

Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.

Elgar Encyclopedia on the Economics of Knowledge and Innovation

Antonelli, Cristiano
Elgar Encyclopedia on the Economics of Knowledge and Innovation Book PDF

Author : Antonelli, Cristiano
Publisher : Edward Elgar Publishing
Page : 579 pages
File Size : 43,7 Mb
Release : 2022-10-14
Category : Business & Economics
ISBN : 9781839106996

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Elgar Encyclopedia on the Economics of Knowledge and Innovation by Antonelli, Cristiano Pdf

A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the making of the economics of innovation as a distinct and specialised field of investigation within the broad range of economic disciplines. This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts.

Systems of Innovation

Christopher Freeman
Systems of Innovation Book PDF

Author : Christopher Freeman
Publisher : Edward Elgar Publishing
Page : 294 pages
File Size : 44,6 Mb
Release : 2008
Category : Business & Economics
ISBN : STANFORD:36105131789740

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Systems of Innovation by Christopher Freeman Pdf

This set of essays by Chris Freeman, founder of SPRU and one of the pioneers of innovation studies, will be of interest to anyone wanting to gain a deeper understanding of technical and social change.

Evolutionary Theories of Economic and Technological Change

(Pier) Paolo Saviotti,Stan Metcalfe
Evolutionary Theories of Economic and Technological Change Book PDF

Author : (Pier) Paolo Saviotti,Stan Metcalfe
Publisher : Routledge
Page : 286 pages
File Size : 47,9 Mb
Release : 2018-03-29
Category : Business & Economics
ISBN : 9781351127691

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Evolutionary Theories of Economic and Technological Change by (Pier) Paolo Saviotti,Stan Metcalfe Pdf

Recently, evolutionary theories of economic and technological change have attracted a considerable amount of attention which reflects the problems encountered by mainstream analysis of dynamic phenomena and quantitative change. This book, originally published in 1991, develops the debate and draws on the concepts of evolutionary biology, nonequilibrium thermodynamics, systems and organization theory. While recognizing that new technology is not the cause of quantitative change, the editors claim it should play a more central role in economic theory and policy. At the same time, the ground is laid for a more generalized concept of innovation and experimentation and their relation to routine activities. The book is intended for economists.

Frontiers of Evolutionary Economics

John Foster,J. S. Metcalfe
Frontiers of Evolutionary Economics Book PDF

Author : John Foster,J. S. Metcalfe
Publisher : Edward Elgar Publishing
Page : 416 pages
File Size : 51,5 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 9781843762911

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Frontiers of Evolutionary Economics by John Foster,J. S. Metcalfe Pdf

This compilation by leading protagonists is a must for a greater understanding of the world we are living in and wanting to see change for the better. Gerry Sweeney, Prometheus Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research. By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field. Evolutionary economists have been drawn into the modern complexity science literature which attempts to provide an understanding of how and why complex adaptive systems engage in processes of self-organization. The goal is to provide an integrated analysis of both selection and self-organization that is uniquely economic in orientation. After a brief overview of the many key achievements and continuing challenges, the first part of the book deals with theoretical perspectives, discussing institutional change, social constructions, complexity, selection and self-selection and the usefulness of theory. Part two deals with empirical perspectives and includes discussion of replicator dynamics, the measurement of heterogeneity and complexity, and modelling organizations as complex adaptive systems. This unique book will appeal to evolutionary and industrial economists and policymakers involved with issues of innovation and management scientists.

Knowledge, Innovation and Economy

Witold Kwasnicki
Knowledge Innovation and Economy Book PDF

Author : Witold Kwasnicki
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 40,9 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 1782543872

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Knowledge, Innovation and Economy by Witold Kwasnicki Pdf

In this book, the author examines industrial dynamics from an evolutionary perspective, applying a biological model to the analysis of economic problems.

An evolutionary approach to business model innovation

Ekaterina G. Navalnaya
An evolutionary approach to business model innovation Book PDF

Author : Ekaterina G. Navalnaya
Publisher : GRIN Verlag
Page : 38 pages
File Size : 46,9 Mb
Release : 2014-10-14
Category : Business & Economics
ISBN : 9783656768531

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An evolutionary approach to business model innovation by Ekaterina G. Navalnaya Pdf

Scientific Essay from the year 2014 in the subject Economics - Innovation economics, grade: 4-th year of PhD, Saint-Petersburg State University of Economics, language: English, abstract: In the article it is asserted that business model innovation potential has not yet been fully released first because of a lack of business model definition and a consistent methodological framework, second because, on a more general plan, the whole system of assumptions on which innovation activity of this kind has been based possibly needs re-evaluation. It is argued that a change of theoretical foundation is needed because of systemic inconsistencies which impede present approaches application. It is assumed that difficulties arise due to peculiarities of mainstream economics framework upon which these approaches have implicitly been built. While authors of neoclassical approaches admit outside factors influence on the business model, these factors remain conceptually isolated from the business model. To overcome this problem there has been suggested a framework for business model innovation based on the evolutionary economic theory. The evolutionary approach to business model innovation is characterised by focus on processes of long-term change and economic agents cause-effect relationship. It is being realised by reference to the evolutionary process that has moulded stable patterns of behaviour of companies on a chosen market. By this reference a trajectory of development of value perception and principles of value creation or business models can be traced and understood, since relationship between routines, value, and business models are mutually dependent. Generalised principles of value creation or basic business models of a market in question are to be adjusted to particular circumstances of an

The Evolution of Economic and Innovation Systems

Andreas Pyka,John Foster
The Evolution of Economic and Innovation Systems Book PDF

Author : Andreas Pyka,John Foster
Publisher : Springer
Page : 641 pages
File Size : 52,5 Mb
Release : 2015-03-03
Category : Business & Economics
ISBN : 9783319132990

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The Evolution of Economic and Innovation Systems by Andreas Pyka,John Foster Pdf

This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.