Endogenous Innovation

The Economics of an Emergent System Property

Business & Finance
Cover of the book Endogenous Innovation by Cristiano Antonelli, Edward Elgar Publishing
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Author: Cristiano Antonelli ISBN: 9781782545149
Publisher: Edward Elgar Publishing Publication: September 29, 2017
Imprint: Language: English
Author: Cristiano Antonelli
ISBN: 9781782545149
Publisher: Edward Elgar Publishing
Publication: September 29, 2017
Imprint:
Language: English
This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.

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