Is This Novel Technology Going to be a Hit? Antecedents Predicting Technological Novelty Diffusion

Michele Pezzoni, Reinhilde Veugelers and Fabiana Visentin

No 2018-22, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: Despite the high interest of scholars in identifying breakthrough inventions, little attention has been devoted to investigating how the technological content of those breakthrough inventions is re-used over time. We overcome this limitation by focusing on the dynamics of diffusion of the novel technologies incorporated in inventions. Specifically, we consider the factors affecting the time needed for a technology to be legitimated as well as its technological potential. We find that the dynamics of diffusion of a novel technology are affected by the characteristics of its building blocks, i.e. the technological components that combined together for the first time generate a novel technology. Combining similar technological components, components familiar to the inventors' community, and components with a high level of appropriability generates a technology that requires a short time to be legitimated but with a low technological potential. Combining technological components with a science-based nature generates technologies with a longer legitimation time but also higher technological potential. Finally, when large firms are the main innovative actors, novel technologies show a higher technological potential.

Keywords: technological novelty; diffusion; combinatorial process; initial characteristics; patent data (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2018-09
New Economics Papers: this item is included in nep-ino and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://195.220.190.85/GREDEG-WP-2018-22.pdf First version, 2018 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2018-22

Access Statistics for this paper

More papers in GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France Contact information at EDIRC.
Bibliographic data for series maintained by Patrice Bougette ().