Recombinant Innovation and Endogenous Transitions
Luis R. Izquierdo
variety, network externalities, lock-in, switching costs, recombinant innovations, transition, punctuated change
We propose a model of technological transitions based on two different types of innovations. Branching innovations refer to technological improvements along a particular path, while recombinant innovations represent fusions of multiple paths. Recombinant innovations cre...