Evolutionary Economics, Responsible Innovation and Demand: Making a Case for the Role of Consumers

Michael P. Schlaile, Matthias Mueller, Michael Schramm, Andreas Pyka · 2017 · Philosophy of Management

Summary. This paper argues that consumer behavior fundamentally shapes responsible innovation. Using evolutionary economics and an agent-based model, the authors show that consumers' diverse preferences and limited rationality drive how innovations spread and whether they become responsible. The model represents products across multiple characteristics beyond price and quality, revealing that consumer heterogeneity directly influences which innovations succeed in markets.

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@article{schlaile-2017-evolutionary-economics-responsible-innovation-demand,
  title   = {Evolutionary Economics, Responsible Innovation and Demand: Making a Case for the Role of Consumers},
  author  = {Michael P. Schlaile and Matthias Mueller and Michael Schramm and Andreas Pyka},
  journal = {Philosophy of Management},
  year    = {2017},
  doi     = {10.1007/s40926-017-0054-1},
  url     = {https://doi.org/10.1007/s40926-017-0054-1}
}

TY  - JOUR
TI  - Evolutionary Economics, Responsible Innovation and Demand: Making a Case for the Role of Consumers
AU  - Michael P. Schlaile
AU  - Matthias Mueller
AU  - Michael Schramm
AU  - Andreas Pyka
JO  - Philosophy of Management
PY  - 2017
DO  - 10.1007/s40926-017-0054-1
UR  - https://doi.org/10.1007/s40926-017-0054-1
ER  - 

Details

DOI

10.1007/s40926-017-0054-1

Countries

Germany

Regions

Europe

Categories

innovation-theory, general-innovation

Added

2026-04-28