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Item Details
Title: THE ECONOMICS OF PERSISTENT INNOVATION: AN EVOLUTIONARY VIEW
By: Christian Le Bas (Editor), William Latham (Editor)
Format: Hardback

List price: £129.99


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ISBN 10: 0387288724
ISBN 13: 9780387288727
Publisher: SPRINGER-VERLAG NEW YORK INC.
Pub. date: 30 November, 2005
Series: Economics of Science, Technology and Innovation 31
Pages: 250
Description: Presents papers that provide definitions of persistence in firm innovative behavior, establish the significance of persistence, present a theory of persistence, and examine empirical evidence regarding both the extent of, and the determinants of persistence. This book also discusses the main determinants of persistence.
Synopsis: William Latham Christian Le Bas Persistence of firm innovative behavior became an important topic in applied industrial organization with the publication of the seminal empirical work of P. Geroski and his colleagues (1997). Evidence that firms innovate persistently has led previous studies to focus on the determinants of innovation persistence and on its heterogeneity across industries, technologies and countries. The aims of this book are: (1) to illumine the scale and scope of the phenomenon of persistence in innovation, and (2) to account for the principal factors that explain why some firms innovates persistently and others do not. Because this book deals intensively and extensively with the subject of firm innovation persistence, which is not, as yet, a well-known term, we need to provide a nontrivial definition of it that encompasses the full range topics we want to address and aids our understanding of how they are related to each other. We begin with a careful identification of "innovation. " Our first definition is drawn from K. Pavitt (2003), "innovation processes involve the exploration and exploitation of opportunities for a new or improved product, process or service, based either on an advance in technical practice or a change in market demand, or a combination of the two. " While this definition is clear, and conforms well to both our empirical and theoretical perspectives, some elaboration may help to clarify the concept.
Illustrations: 50 Tables, black and white; XXV, 250 p.
Publication: US
Imprint: Springer-Verlag New York Inc.
Returns: Returnable
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