The Microeconomics of Technological Systems
By (author) Cristiano Antonelli
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Microeconomics of Technological Systems by Cristiano Antonelli
Book DescriptionThis book sets out to explore the generation of technological knowledge and the introduction of technological change. Cristiano Antonelli enters this new area of debate by arguing that increasing returns in the production of knowledge apply, albeit under a very specific and contextual set of complementary conditions. Increasing returns can take place within technological districts and clusters where qualified interactions among connected innovators make it possible to take advantage of the modular indivisibility and cumulativeness of technological knowledge. Antonelli illustrates his argument by reference to technological systems and complementarities, irreversibility, and collective knowledge; by examining the role of learning and technological communication as key factors in defining the rate and direction of change within technological systems; and by identifying technological districts and clusters within a theoretical framework which values local externalities, irreversibility, and endogenous structural change. "The Microeconomics of Technological Systems" proposes a general, interpretative framework which identifies, qualifies, and specifies the specific context and processes which make it possible for increasing returns to apply in the localized production of technological knowledge and change. In so doing, it builds on the results of systematic explorations of the microdynamics of technological knowledge and change over a large number of European technological districts and clusters centred on new communication and mechanical engineering technologies.
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Book DetailsISBN: 9780199245536
(224mm x 145mm x 18mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 12-Jul-2001
Country of Publication: United Kingdom
Books By Author Cristiano Antonelli
Localised Technological Change, Paperback (June 2014)
This volume explores the characteristics of the path-dependent dynamics of localised technological change, demonstrating how the economics of complexity can inform our understanding of the economics of innovation and vice versa.
Technology Infrastructure, Paperback (June 2013)» View all books by Cristiano Antonelli
This volume seeks to understand technology infrastructure as an element of a sector's technology platform and of a national innovation system. It also examines the processes by which such infrastructure is embodied in standards or diffused through various institutional frameworks.
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Author Biography - Cristiano Antonelli
Cristiano Antonelli is Professor of Economics in the Department of Economics and Director of the Graduate School of Communication Studies at the University of Torino. He is also Vice-President of the International Schumpeter Society and Managing Editor of the journal, "Economics of Innovation and New Technology".
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