This paper studies endogenous diffusion and impact of a cost-saving technological innovation – Internet Banking. When the innovation is initially introduced, large banks have an advantage to adopt it first and enjoy further growth of size. Over time, as the innovation diffuses into smaller banks, the aggregate bank size distribution increases stochastically towards a new steady state. Applying ...

The following paper provides an overview of the current trends in marine fisheries, aquaculture and fish breeding, and highlights the technological innovations that occurred in the management and production of aquatic resources. The purpose of the paper is to explain the role technological innovation played in meeting the growing worldwide consumer demand for fish, and in dealing with scientifi...

Psychophysiological approaches to personality have made significant progress in recent years, partly as a spin-off of technological innovation (e.g., functional neuroimaging) and partly as a result of an emerging theoretical consensus regarding the structure and biology of basic processes. In this field, Jeffrey Gray's influential psychophysiological theory of personality - now widely known as ...

Conventionally, manufacturing firms determine the time to introduce a new product to the market long before launching the product. As the rate of technological innovation increases, product life cycles become shorter, and the timing for introducing a new product becomes more important. As a result, firms need to dynamically determine the market entry timing depending on the evolution of uncerta...

Modern science, whose methodologies give special privilege to using decontextualizing strategies and downplay the role of context-sensitive strategies, have been extraordinarily successful in producing knowledge whose applications have transformed the shape of the lifeworld. Nevertheless, I argue that how the mainstream of the modern scientific tradition interprets the nature and objectives of ...

The web of relations linking technological innovation can be fairly described in terms of patent citations. The resulting patent citation network provides a picture of the large-scale organization of innovations and its time evolution. Here we study the patterns of change of patents registered by the U.S. Patent and Trademark Office. We show that the scaling behavior exhibited by this network i...

We study the importance for climate policy of uncertainty concerning the gravity of climate change and thus the benefits of abatement. In particular, this uncertainty can have different effects on the benefits of early abatement and R&D. We explore these differences, which depend in large part on the curvature of the marginal abatement cost function—prudence, in other words. With convex margina...

Since the invention of the automobile, cars have taken an important role in our society. Once they were available only to the wealthy few that could afford them as a luxury in life. However, today cars have become a necessity for everyone. German automobile companies like Benz, BMW, Volkswagen, Porsche and Audi are well known for their Engineering and technology. Identifying the above said fact...

Technological innovation is a phenomenon that has been explored from a variety of perspectives, most prominently from the perspective of economics. Recently scholars from organizational and economic sociology have begun to explore innovation. In your view, does this research offer a coherent perspective on innovation? Of what value is an organizational and economic sociology perspective on inno...

Climate change and the urgency of minimising the carbon footprint of the built environment are driving technological innovation in the way thermal comfort is delivered to building occupants. In recent building developments, international attention has been increasingly focused on the way buildings are designed and operated. There is no doubt that high-quality environmental design can be an inve...