Chapter 12

Question 1

Regime of appropriability

Answer 1

Describe the conditions that influence the distributions of returns to innovation

Question 2

Invention

Answer 2

Creation of new products and processes through the development of new knowledge or from mew combination of existing knowledge

Question 3

Innovation

Answer 3

Initial commercializatiom of invention by producing and marketing a new good or service by using new method of production

Question 4

Str.windows

Answer 4

Periods in time when the resources and capabilities are aligned with the opportunities available in the market

Question 5

Techmology uncertainty

Answer 5

Arises from the unpredictability of techn.evolution and the complex dynamics through which techn.standards and dominant designs are selected

Question 6

Market uncertainty

Answer 6

Size and growth rates of the market for new products

Question 7

Standard

Answer 7

Format,interface or system that allows interoperability.it can be open,public-available to all either free of for a nominal charge,it van be proprietary,private-owned by companies or individuals

Question 8

Mandatory standards

Answer 8

Set by the government and have the force of law behind them

Question 9

De facto standards

Answer 9

Emerge through voluntary adoption by producers and users

Question 10

Network externalities

Answer 10

Exists whenever the value of a product to an individual customer depends on the number of other users of that product