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Learning in a Science-Driven Market: The Case of Lasers

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  • Grupp, Hariolf
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    Abstract

    Innovation literature centres more on technical advance and less on scientific change. In this paper the scientific basis comes under specific scrutiny. The empirical part consists of a case study of the laser market and the particularly interesting laser medicine submarket. A new measurement concept known as "technometrics" measures the quality of innovative products from their technological characteristics. It is found that in a knowledge-driven market in which "inventions are in search of a purpose", two stages of market formation can be discerned: a wasteful science-pushed, and a subsequent demand-led period. Pricing of the innovative products can be explained by a few leading characteristics, but certain providers are able to create stable demand from public knowledge with non-optimal price-performance ratios. Copyright 2000 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Industrial & Corporate Change.

    Volume (Year): 9 (2000)
    Issue (Month): 1 (March)
    Pages: 143-72

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    Handle: RePEc:oup:indcch:v:9:y:2000:i:1:p:143-72

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    Cited by:
    1. Muhamed Kudic & Katja Guhr, 2013. "Cooperation Events, Ego-Network Characteristics and Firm Innovativeness – Empirical Evidence from the German Laser Industry," IWH Discussion Papers 6, Halle Institute for Economic Research.
    2. Guido Buenstorf, 2006. "Evolution on the Shoulders of Giants: Entrepreneurship and Firm Survival in the German Laser Industry," Papers on Economics and Evolution 2005-20, Max Planck Institute of Economics, Evolutionary Economics Group.
    3. Michael Fritsch & Luis F. Medrano E., 2011. "People, Publications, Patents, and Places: The Early Diffusion of Laser-Research and Laser-Technology in West Germany, 1960- 2005," ERSA conference papers ersa10p1099, European Regional Science Association.
    4. T. Buchmann & D. Hain & Muhamed Kudic & M. Müller, 2014. "Exploring the Evolution of Innovation Networks in Science-driven and Scale-intensive Industries: New Evidence from a Stochastic Actor-based Approach," IWH Discussion Papers 1, Halle Institute for Economic Research.
    5. Muhamed Kudic & Andreas Pyka & Marco Sunder, 2013. "Network Formation: R&D Cooperation Propensity and Timing Among German Laser Source Manufacturers," IWH Discussion Papers 9, Halle Institute for Economic Research.
    6. Muhamed Kudic & Andreas Pyka & Jutta Günther, 2012. "Determinants of Evolutionary Change Processes in Innovation Networks – Empirical Evidence from the German Laser Industry," IWH Discussion Papers 7, Halle Institute for Economic Research.
    7. Norbert Knoll, . "Progress Towards the Knowledge-Based Economy," WIFO Working Papers 161, WIFO.

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