Viability of Innovation Processes, Emergence and Stability of Market Structures
Abstract
The paper is devoted at analyzing the co-ordination role that markets and organizations are called to play in order to make viable innovation processes. This analysis reveals that the viability of innovation processes cannot be dissociated from the way market structures emerge and evolve, and hence that there is not a ‘new economy’ problem referring to the specific character of certain technologies, namely, the information and communication technologies.