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Industrial Organisation and Innovation
An International Study of the Software Industry. New Horizons in the Economics of Innovation Series
This important book provides a systematic and quantitative analysis of the development of the software industry: the major growth industry in advanced economies of the world. It presents the results of a comprehensive set of industry surveys to shed light on the differences in specialization and performance of US and European software firms.
Salvatore Torrisi analyses the development of the software industry within the context of theories of technical change. He interprets exhaustive surveys of firms participating in software industries conducted between 1990 and 1997. These reveal the main characteristics of innovation activities in software, including the characteristics of product and process innovations, the sources of technological change within firms, the instruments for the protection of innovation and the nature of innovative skills. The author also compares the historical evolution of software activities in Europe and in the United States and explains the differences in specialization and performance in terms of the geographical proximity to leading hardware manufacturers, the size of the domestic market, regulation and public policies, including property rights and anti-trust.
This unparalleled book will be required reading for academics interested in industrial organisation and the economics of innovation.
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What Reviewers Are Saying
`A valuable comparative study of the innovation process within the software industry . . . This is a useful application of the larger innovation field to the special aspects of software development.' -- Communication Booknotes Quarterly `. . . Dr Torrisi's book breaks new ground in its attempt to ground the analysis of the structure and growth of the software industry in the economics of innovation and industrial organisation. This informative and stimulating book should inspire further work on a major growth industry which has transformed economic organisation and management.' -- V.N. Balasubramanyam, Business History