Sources, Procedures, and Microeconomic Effects on Innovation

Posted: 17 Nov 2009

See all articles by Giovanni Dosi

Giovanni Dosi

Scuola Superiore Sant'Anna di Pisa - Laboratory of Economics and Management (LEM)

Date Written: 1988

Abstract

Evaluates the processes leading from the initial ideas for technological opportunities to serious innovative attempts, and finally, to changes in the structures and performance of industries. Discussed are: (1) innovation opportunity sources, (2) the markets' role in both resource allocation for opportunity exploration and the rates and directions of technological advances, (3) the characteristics of the processes of innovative search, and (4) details about the incentives that drive private agents to commit themselves to innovation. This interpretation of the innovation process helps to demonstrate why sectors vary in their innovation modes and rates and why firms within each industry differ in their innovation tendency. Also considered is the relationship between innovative activities and the dynamics of industrial structures and performances. (SFL)

Keywords: Economics of innovation, Knowledge base, Innovation process, Adoption of ideas, Idea generation, Technology innovation, Resource management, Opportunity recognition, Opportunity development, Research funding, Technological change

Suggested Citation

Dosi, Giovanni, Sources, Procedures, and Microeconomic Effects on Innovation (1988). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship, Available at SSRN: https://ssrn.com/abstract=1504476

Giovanni Dosi (Contact Author)

Scuola Superiore Sant'Anna di Pisa - Laboratory of Economics and Management (LEM) ( email )

Piazza Martiri della Liberta, 33
Pisa, I-56127
Italy

HOME PAGE: www.lem.sssup.it

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