The impact of market size and users' sophistication on innovation: the patterns of demand

被引:30
作者
Guerzoni, Marco [1 ]
机构
[1] Friedrich Schiller Univ, Fac Econ & Business Adm, Jena, Germany
关键词
innovation; demand;
D O I
10.1080/10438590903016526
中图分类号
F [经济];
学科分类号
02 ;
摘要
The aim of this paper is an investigation on the role of demand upon innovation. Despite the decades-long debate on demand and innovation, theory still lacks an analytical formulation. This paper proposes a model where demand is conceived as a peculiar blend of two conditions, market size, and users' sophistication. These conditions drive firms' incentives to innovate. As the main outcome, the paper explores the underlying mechanisms of demand-pull theories and proposes a theoretical taxonomy of industries.
引用
收藏
页码:113 / 126
页数:14
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