IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/22001_3.html
   My bibliography  Save this book chapter

The economics of the frugal direction of technological change: resource constraints scheme, induced direction models, and demand-side approaches

In: The Economics of Frugal Innovation

Author

Listed:
  • .

Abstract

In this chapter we analyse the dynamic implications of technological frugality as a new emerging direction of Technological Change. The use of tools of the Economics of Innovation is explored to account for the trends in the new direction of technological change related to FI. We retain three contributions: 1) The resource constraints approach sets up an interesting frame providing insights related to the incentives received by the firm for innovating, 2) the relevance of the frontier of innovation possibility as a tool for explaining the firm’s decisions related to the direction taken by innovations in favour of frugality, 3) as far as the direction of FI related to demand is concerned the basic aim of this type of technological change is to trigger a variation in market demand emanating from less rich people.

Suggested Citation

  • ., 2023. "The economics of the frugal direction of technological change: resource constraints scheme, induced direction models, and demand-side approaches," Chapters, in: The Economics of Frugal Innovation, chapter 3, pages 34-51, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22001_3
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781035302338.00008.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:22001_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.