The Microeconomics of Product Innovation

Business & Finance, Economics, Microeconomics
Cover of the book The Microeconomics of Product Innovation by Paul Stoneman, Eleonora Bartoloni, Maurizio Baussola, OUP Oxford
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Author: Paul Stoneman, Eleonora Bartoloni, Maurizio Baussola ISBN: 9780192548634
Publisher: OUP Oxford Publication: February 22, 2018
Imprint: OUP Oxford Language: English
Author: Paul Stoneman, Eleonora Bartoloni, Maurizio Baussola
ISBN: 9780192548634
Publisher: OUP Oxford
Publication: February 22, 2018
Imprint: OUP Oxford
Language: English

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.

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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.

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