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Learning in a Science-Driven Market: The Case of Lasers

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  • Grupp, Hariolf

Abstract

Innovation literature centres more on technical advance and less on scientific change. In this paper the scientific basis comes under specific scrutiny. The empirical part consists of a case study of the laser market and the particularly interesting laser medicine submarket. A new measurement concept known as "technometrics" measures the quality of innovative products from their technological characteristics. It is found that in a knowledge-driven market in which "inventions are in search of a purpose", two stages of market formation can be discerned: a wasteful science-pushed, and a subsequent demand-led period. Pricing of the innovative products can be explained by a few leading characteristics, but certain providers are able to create stable demand from public knowledge with non-optimal price-performance ratios. Copyright 2000 by Oxford University Press.

Suggested Citation

  • Grupp, Hariolf, 2000. "Learning in a Science-Driven Market: The Case of Lasers," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 9(1), pages 143-172, March.
    • Handle: RePEc:oup:indcch:v:9:y:2000:i:1:p:143-72
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    Cited by:

    1. Pierre Courtioux & François Métivier & Antoine Reberioux, 2019. "Scientific Competition between Countries: Did China Get What It Paid for?," Working Papers halshs-02307534, HAL.
    2. Michael Fritsch & Muhamed Kudic, 2022. "Micro dynamics and macro stability in inventor networks," The Journal of Technology Transfer, Springer, vol. 47(2), pages 353-382, April.
    3. Guido Buenstorf, 2007. "Evolution on the Shoulders of Giants: Entrepreneurship and Firm Survival in the German Laser Industry," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 30(3), pages 179-202, May.
    4. Lakomaa, Erik & Sanandaji, Tino, 2017. "Integrating community driven care service in European welfare states – nonprofit institutional entrepreneurship as driver for expanding access," SSE Working Paper Series in Economic History 2017:5, Stockholm School of Economics.
    5. Kudic, Muhamed & Pyka, Andreas & Sunder, Marco, 2013. "Network Formation: R&D Cooperation Propensity and Timing Among German Laser Source Manufacturers," IWH Discussion Papers 9/2013, Halle Institute for Economic Research (IWH).
    6. Michael Fritsch & Luis F. Medrano, 2010. "The Spatial Diffusion of a Knowledge Base-Laser Technology Research in West Germany, 1960-2005," Jena Economics Research Papers 2010-048, Friedrich-Schiller-University Jena.
    7. Muhamed Kudic & Wilfried Ehrenfeld & Toralf Pusch, 2015. "On the trail of core–periphery patterns in innovation networks: measurements and new empirical findings from the German laser industry," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(1), pages 187-220, October.
    8. Michael Fritsch & Luis F. Medrano E., 2011. "People, Publications, Patents, and Places: The Early Diffusion of Laser-Research and Laser-Technology in West Germany, 1960- 2005," ERSA conference papers ersa10p1099, European Regional Science Association.
    9. Kudic, Muhamed & Pyka, Andreas & Günther, Jutta, 2012. "Determinants of Evolutionary Change Processes in Innovation Networks – Empirical Evidence from the German Laser Industry," IWH Discussion Papers 7/2012, Halle Institute for Economic Research (IWH).
    10. Kudic, Muhamed & Bönisch, Peter & Dominguez Lacasa, Iciar, 2010. "Analyzing Innovation Drivers in the German Laser Industry: the Role of Positioning in the Social and Geographical Space," IWH Discussion Papers 22/2010, Halle Institute for Economic Research (IWH).
    11. Kudic, Muhamed & Guhr, Katja, 2013. "Cooperation Events, Ego-Network Characteristics and Firm Innovativeness – Empirical Evidence from the German Laser Industry," IWH Discussion Papers 6/2013, Halle Institute for Economic Research (IWH).
    12. Guido Buenstorf & Dominik P. Heinisch, 2020. "Science and industry evolution: evidence from the first 50 years of the German laser industry," Small Business Economics, Springer, vol. 54(2), pages 523-538, February.
    13. Kudic, Muhamed & Ehrenfeld, Wilfried & Pusch, Toralf, 2015. "Isolation and Innovation – Two Contradictory Concepts? Explorative Findings from the German Laser Industry," IWH Discussion Papers 1/2015, Halle Institute for Economic Research (IWH).
    14. Michael Fritsch & Muhamed Kudic, 2016. "Preferential Attachment and Pattern Formation in R&D Networks - Plausible explanation or just a widespread myth?," Jena Economics Research Papers 2016-005, Friedrich-Schiller-University Jena.
    15. Pierre Courtioux & François Métivier & Antoine Reberioux, 2019. "Scientific Competition between Countries: Did China Get What It Paid for?," Post-Print halshs-02307534, HAL.
    16. Norbert Knoll, 2001. "Progress Towards the Knowledge-Based Economy," WIFO Working Papers 161, WIFO.
    17. Päivi Oinas & Edward J. Malecki, 2002. "The Evolution of Technologies in Time and Space: From National and Regional to Spatial Innovation Systems," International Regional Science Review, , vol. 25(1), pages 102-131, January.
    18. Buchmann, Tobias & Hain, Daniel & Kudic, Muhamed & Müller, Matthias, 2014. "Exploring the Evolution of Innovation Networks in Science-driven and Scale-intensive Industries: New Evidence from a Stochastic Actor-based Approach," IWH Discussion Papers 1/2014, Halle Institute for Economic Research (IWH).
    19. Mario Coccia & Ugo Finardi, 2013. "Evolutionary growth of knowledge and new technological directions of non-thermal plasma technology in medicine," CERIS Working Paper 201302, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    20. Luis F. Medrano E., 2012. "Patent Citations, University Inventor Patents, and Survival in the German Laser Source Industry (1960-2005)," Jena Economics Research Papers 2012-009, Friedrich-Schiller-University Jena.
    21. Courtioux, Pierre & Métivier, François & Rebérioux, Antoine, 2022. "Nations ranking in scientific competition: Countries get what they paid for," Economic Modelling, Elsevier, vol. 116(C).

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