Economic Analysis Of Product Innovation
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The Microeconomics Of Product Innovation
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Author : Paul Stoneman
language : en
Publisher: Oxford University Press
Release Date : 2018-02-22
The Microeconomics Of Product Innovation written by Paul Stoneman and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-22 with Business & Economics categories.
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
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Author : Manuel Trajtenberg
language : en
Publisher: Harvard University Press
Release Date : 1990
Economic Analysis Of Product Innovation written by Manuel Trajtenberg and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
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.
Economic Approaches To Innovation
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Author : Steve Dowrick
language : en
Publisher: Edward Elgar Publishing
Release Date : 1995
Economic Approaches To Innovation written by Steve Dowrick and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
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.
Quality Innovation
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Author : G. M. P. Swann
language : en
Publisher: Praeger
Release Date : 1986-04-22
Quality Innovation written by G. M. P. Swann and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-04-22 with Business & Economics categories.
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.
Entrepreneurship And Innovation An Economic Approach
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Author : Bruce A. McDaniel
language : en
Publisher: Routledge
Release Date : 2014-12-18
Entrepreneurship And Innovation An Economic Approach written by Bruce A. McDaniel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-18 with Business & Economics categories.
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.
Radical Product Innovation In Network Economies
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Author : Philipp Leutiger
language : en
Publisher: diplom.de
Release Date : 2002-07-24
Radical Product Innovation In Network Economies written by Philipp Leutiger and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-24 with Business & Economics categories.
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 [...]
Product Innovation With Parallel Imports
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Author :
language : en
Publisher:
Release Date : 2002
Product Innovation With Parallel Imports written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
The Economic Analysis Of Technological Change
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Author : Paul Stoneman
language : en
Publisher: Oxford [Oxfordshire] ; New York : Oxford University Press
Release Date : 1983
The Economic Analysis Of Technological Change written by Paul Stoneman and has been published by Oxford [Oxfordshire] ; New York : Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
This book presents a comprehensive view of the economic approach to the analysis of technical change.
Innovation Economics And Evolution
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Author : Peter H. Hall
language : en
Publisher:
Release Date : 1994
Innovation Economics And Evolution written by Peter H. Hall and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
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.
The Economics Of Production And Innovation
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Author : Gerhard Rosegger
language : en
Publisher: Oxford ; New York : Pergamon Press
Release Date : 1986
The Economics Of Production And Innovation written by Gerhard Rosegger and has been published by Oxford ; New York : Pergamon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.
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.