Innovation project as a transformation process

Offshoring as Process Innovation

This paper studies offshoring (defined as a change in firms’ own production location from north to south) and market structure. I develop a model of dynamic oligopoly with offshoring, and estimate it using data from the hard disk industry. The results suggest the incentive to offshore increases as more rivals offshore due to competitive pressure. The possibility of offshoring sets in motion the...

Value price transformation as a real process

Almost all of the voluminous literature on the Marxian ‘transformation problem’ is predicated on the assumption that, whether or not he succeeded, what Marx was trying to do in Part II of Capital, volume III—namely, derive a set of prices consistent with the equalization of the rate of profit across all capitals— was correct. Those neo-Ricardians who argue that there is really no ‘transformatio...

Technological Innovation as an Evolutionary Process

and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. A catalogue record for this book is available from the British Library Library of Congress Cataloguing in Publication data Technological innovation as an evolutionary process / edited by John Ziman on behalf of the Epistemolo...

Innovation as a Learning Process: Embedding Design Thinking

Pharmaceutical Innovation as a Process of Creative Destruction

Schumpeter argued that innovation plays a central role in capitalist economies, and that innovation can be characterized as a process of “creative destruction.” The development of new products and processes creates enormous value for society, but may also undermine or destroy existing organizations, markets, and institutions. This is an econometric study of creative destruction in the pharmaceu...