Induced innovation is a microeconomic hypothesis first proposed in 1932 by John Hicks in his work The Theory of Wages. He proposed that "a change in the relative prices of the factors of production is itself a spur to invention, and to invention of a particular kind—directed to economizing the use of a factor which has become relatively expensive."
Considerable literature has been produced on this hypothesis, which is often presented in terms of the effects of wage increases as an encouragement to labor-saving innovation. The hypothesis has also been applied to viewing increases in energy costs as a motivation for a more rapid improvement in energy efficiency of goods than would normally occur.
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Inducedinnovation is a microeconomic hypothesis first proposed in 1932 by John Hicks in his work The Theory of Wages. He proposed that "a change in the...
Look up induce or induced in Wiktionary, the free dictionary. Induce may refer to: Induced consumption InducedinnovationInduced character Induced coma...
Hype cycle Individual capital Inducedinnovation Information revolution Innovation economics Knowledge economy Open innovation Timeline of historic inventions...
Economics. Ruttan's research focused on agricultural development, inducedinnovation, technical change and productivity growth, institutions, and development...
innovation). A related concept is the notion of Directed Technical Change with more emphasis on price induced directional rather than policy induced scale...
to that of another (say capital) a macroeconomic hypothesis about inducedinnovation that "[a] change in the relative prices of the factors of production...
theory, consumer theory, general equilibrium theory, welfare theory, inducedinnovation Awards Nobel Memorial Prize in Economic Sciences (1972) Information...
interpretation. Earlier writings on the subject of technological change: the inducedinnovation hypothesis by J.R. Hicks who proposed in 1932 that the “change in...
In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually...
interventions that are meant, among other goals, to develop and/or induceinnovations which help to resolve (usually multi-actor) problematic situations...
Monitoring and Mitigating the Safety-Net Consequences of Regulation InducedInnovation" Review of Social Economy, 58, June 2010. "Extracting Nontransparent...
Andrew; Thornton, Alex; Sheldon, Ben C. (2014-12-03). "Experimentally inducedinnovations lead to persistent culture via conformity in wild birds". Nature...
(dipipanone/cyclizine), and these may also reduce opioid induced nausea. Antihistamines (e.g. fexofenadine) Opioid-induced constipation (OIC) develops in 90 to 95% of...
subjective effects of altered states of consciousness, including those induced by meditation or mind-altering substances, and to a research cabal in which...
dialect chain for both diachronic changes (internal and contact-inducedinnovations) and synchronic reasons (phonological and morphophonological differences...
will have a different modernity. The pace of innovation is the speed at which technological innovation or advancement is occurring, with the most apparent...
The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate...
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