Workplace Innovation and Technological Change

The Induced Innovation Hypothesis and Energy-Saving Technological Change

We develop a methodology for testing Hick’s induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the rate of overall innovation was independent of energy prices and regulations, (ii) the direction of in...

Technological Change, Financial Innovation, and Diffusion in Banking

The commercial banking business has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in economies and how technological change and financial innovation can affect social welfare. We then survey the literature relating to several specific financial innovations – broadly categorized as new products o...

Agent-based Models of Innovation and Technological Change

Technological change and innovation in consumer magazine publishing

This paper presents the results of research undertaken between 2002 and 2004 into the impact of technological change on the UK consumer magazine industry. The findings highlight patterns of innovation, both in the range of products (most notably monthly magazine titles) and the structure of organisations and work practices, which have tended to elude much of the contemporary debate within the “...

Technological Innovation

This paper considers how manufacturing companies within the supply chain are increasingly expected to provide technologically innovative solutions, rather than simple components. Large global companies are becoming system builders, but as they devolve greater responsibility for technology to suppliers, they are also squeezing cost and timescales. Planning for specific future technology requirem...