Chapter

Where Do New Technologies Come From?

P. A. Geroski

in The Evolution of New Markets

Published in print April 2003 | ISBN: 9780199248896
Published online November 2003 | e-ISBN: 9780191596308 | DOI: http://dx.doi.org/10.1093/0199248893.003.0002
 Where Do New Technologies Come From?

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Explores the drivers of innovation. It discusses, with the help of several product‐case studies (including television, e‐grocery, and internet service provision), whether innovation is induced by a demand pull or by a supply push. It argues that although demand (either inchoate or articulated) plays a role in technological change, it cannot fully explain it. It suggests that new technologies are pushed on to the market from the supply side, following the guideposts set out by scientific knowledge in the form of technological trajectories.

Keywords: demand pull; e‐grocery; innovation; internet service provision; scientific knowledge; supply push technological change; technological trajectory; television

Chapter.  11497 words.  Illustrated.

Subjects: Microeconomics

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