Resource title

The impact of market size and users' sophistication on innovation: the patterns of demand and the technology life cycle

Resource image

image for OpenScout resource :: The impact of market size and users' sophistication on innovation: the patterns of demand and the technology life cycle

Resource description

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.

Resource author

Marco Guerzoni

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25609

Resource license

Adapt according to the presented license agreement and reference the original author.