Technological change: Revisiting recombinant innovation
Project funded by own resources
Project title Technological change: Revisiting recombinant innovation
Principal Investigator(s) Krysiak, Frank Christian
Project Members Tschabold, Lukas
Organisation / Research unit Departement Wirtschaftswissenschaften / Umweltökonomie (Krysiak)
Project start 01.01.2014
Probable end 30.09.2015
Status Completed
Abstract

The project investigates the constrast between private and social benefits of technological diversity. It extends Weitzman's idea of progress via recombinant innovation to a setting where the likelihood of success depends on the distance between technologies that are to be combined. This implies an optimal level of technological diversity that differs between firms and a social planner.

Financed by University funds
   

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