The Economics of Persistent Innovation: An Evolutionary View

  • William R. Latham
  • Christian Le Bas

Part of the Economics of Science, Technology and Innovation book series (ESTI, volume 31)

Table of contents

  1. Front Matter
    Pages i-xxv
  2. Alexandre Cabagnols, Claudine Gay, Christian Le Bas
    Pages 19-39
  3. William Latham, Christian Le Bas, Karim Touach
    Pages 101-118
  4. Nilotpal Das, James G. Mulligan
    Pages 167-207
  5. Christian Le Bas, William Latham
    Pages 209-231
  6. Christian Le Bas, William Latham
    Pages 233-243
  7. Back Matter
    Pages 245-250

About this book

Introduction

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.

Keywords

economics evolutionary theory innovation innovations research

Editors and affiliations

  • William R. Latham
    • 1
  • Christian Le Bas
    • 2
  1. 1.University of DelawareUSA
  2. 2.Institut des Sciences de l’HommeUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-0-387-29245-8
  • Copyright Information Springer US 2006
  • Publisher Name Springer, Boston, MA
  • eBook Packages Business and Economics
  • Print ISBN 978-0-387-28872-7
  • Online ISBN 978-0-387-29245-8
  • Series Print ISSN 1381-0480
  • About this book