Characteristics of markets for the creation of innovative products and their impact on the mechanisms of interaction between the subjects of the innovation infrastructure

Sergey Larin, Evgeny Khrustalev and Yasmina Ermakova

MPRA Paper from University Library of Munich, Germany

Abstract: The article presents the results of a study of the main characteristics of modern markets for the production and sale of innovative products (services, technologies). They made it possible to identify new organizational and economic mechanisms of interaction between the subjects of the innovation infrastructure. As a methodological tool, authors used the main provisions of the theories of interconnections and value chains, cooperation and competition, as well as the Henderson-Clark innovation model. Authors carried out the analysis of the main characteristics of existing and new markets for the production and sale of innovative products (services, technologies). Based on the research, authors concluded that at present there is no universal organizational and economic mechanism for the interaction of subjects of innovation infrastructure in the markets for the production and sale of innovative products (services, technologies). For the successful development of innovation activity, usage of a specific mechanism is subject to a comprehensive justification from the standpoint of each subject of the innovation infrastructure.

Keywords: innovations; new types of products (services; technologies); innovation infrastructure; interactions between subjects; value chains; innovation clusters; hubs; technological platforms. (search for similar items in EconPapers)
JEL-codes: L22 O31 O32 (search for similar items in EconPapers)
Date: 2023-04-28, Revised 2023-04-28
New Economics Papers: this item is included in nep-cse
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Published in Journal of Economy and entrepreneurship 4.17(2023): pp. 937-941

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