J. P. Caulkins, G. Feichtinger, D. Grass, R.F. Hartl, P.M. Kort:
"Two state capital accumulation with heterogenous products: disruptive vs. non-disruptive goods";
Journal of Economic Dynamics and Control, 35 (2011), 4; S. 462 - 478.

Kurzfassung englisch:
The paper considers the problem of a firm that, while producing a standard product, has the option to introduce an innovative product. The innovative product is qualitatively better than the standard product and will therefore reduce revenues of the standard product. A distinction is made between innovative products being disruptive or non-disruptive. It is shown that in the disruptive case history dependent long run equilibria can occur, which are well in line with recent real life economic examples.

Investment, Product innovation, Maximum principle, Skiba curve

"Offizielle" elektronische Version der Publikation (entsprechend ihrem Digital Object Identifier - DOI)

Erstellt aus der Publikationsdatenbank der Technischen Universitšt Wien.