Characteristics of markets for the creation of innovative products and their impact on the mechanisms of interaction between the subjects of the innovation infrastructure

Larin, Sergey and Khrustalev, Evgeny and Ermakova, Yasmina (2023): Characteristics of markets for the creation of innovative products and their impact on the mechanisms of interaction between the subjects of the innovation infrastructure. Published in: Journal of Economy and entrepreneurship , Vol. 17, No. 4 (28 April 2023): pp. 937-941.

Abstract

The article presents the results of a study of the main characteristics of modern markets for the production and sale of innovative products (services, technologies). They made it possible to identify new organizational and economic mechanisms of interaction between the subjects of the innovation infrastructure. As a methodological tool, authors used the main provisions of the theories of interconnections and value chains, cooperation and competition, as well as the Henderson-Clark innovation model. Authors carried out the analysis of the main characteristics of existing and new markets for the production and sale of innovative products (services, technologies). Based on the research, authors concluded that at present there is no universal organizational and economic mechanism for the interaction of subjects of innovation infrastructure in the markets for the production and sale of innovative products (services, technologies). For the successful development of innovation activity, usage of a specific mechanism is subject to a comprehensive justification from the standpoint of each subject of the innovation infrastructure.

• Item Type: MPRA Paper
• Language: English
• Keywords: innovations, new types of products (services, technologies), innovation infrastructure, interactions between subjects, value chains, innovation clusters, hubs, technological platforms.
• Subjects: L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D

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