Complementarity constraints and induced innovation. Some evidence from the first IT regime.

Hölzl, Werner and Reinstaller, Andreas (2003) Complementarity constraints and induced innovation. Some evidence from the first IT regime. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 26. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

Technological search is often depicted to be random. This paper takes a different view and analyses how innovative recombinant search is triggered, how it is done and what initial conditions influence the final design of technological artefacts. We argue that complementarities (non-separabilities) play an important role as focusing devices guiding the search for new combinations. Our analysis takes the perspective of technology adopters and not that of inventors or innovators of new products. We illustrate the process of decomposition and re-composition under the presence of binding complementarity constraints with a historical case study on the establishment of the First IT Regime at the turn of the 19th century. (author's abstract)

Item Type: Paper
Keywords: technological regimes / systemic innovation / adoption of technologies / complexity / information technology 1870-1930
Classification Codes: JEL D24, N60, O31, O33, L69
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 21 May 2003 13:25
Last Modified: 22 Oct 2019 00:41
URI: https://epub.wu.ac.at/id/eprint/156

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