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- W2349673368 abstract "The institutional factor is granted to be unchangeable. The economic phenomena and the economic behaviors are researched according to the assumption, from which the result(an equilibrium) is derived. The assumption, however, has weakened the theory's function that explains the real world. This is the most important reason why the traditional economics is increasingly challenged by the new institution economics. This paper has introduced the important institutional factor to the analysis of the theory on the technological innovation, and analyzed the mutual dynamic relation between the innovation of the market institution and technological innovation.The innovation of the market institution has an incentive to innovate the technology, while the technological innovation is a catalyst for the former. The conceptions about the institutional innovation and the technological innovation are defined explicitly. Lastly, the paper has issued the problems which must be solved in order to run the mutual dynamic mechanism mentioned above." @default.
- W2349673368 created "2016-06-24" @default.
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- W2349673368 date "2003-01-01" @default.
- W2349673368 modified "2023-09-23" @default.
- W2349673368 title "Analysis of the Mutual Dynamic Mechanism Between the Innovation of the Market Institution and Technological Innovation" @default.
- W2349673368 hasPublicationYear "2003" @default.
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