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Title:The impact of market size and users' sophistication on innovation: the patterns of demand and the technology life cycle PDF Logo
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.
industry life cycle
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena

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