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http://hdl.handle.net/10419/25609
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| Title: | | The impact of market size and users' sophistication on innovation: the patterns of demand and the technology life cycle  |
| Authors: | | Guerzoni, Marco |
| Issue Date: | | 2007 |
| Series/Report no.: | | Jena economic research papers 2007,046 |
| Abstract: | | The aim of this paper is an investigation on the role of demand in industrial dynamics. Despite the decades-long debate on demand and innovation, theory still lacks a comprehensive analytical formulation. This paper proposes a model where demand is conceived as a peculiar blend of two conditions, market size, and users sophistication. These conditions drive firms incentives to innovate. As main outcome, the paper proposes both a theoretical taxonomy of sectors and an original explanation of technological life cycle. |
| Subjects: | | Innovation demand industry life cycle |
| JEL: | | O31 O33 L15 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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