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| Author: | Funk, J.L. |
| Title: | Technological change within hierarchies: the case of the music industry |
| Journal: | Economics of innovation and new technology
2007 : JAN-MAR, VOL. 16:1-2, p. 1-16 |
| Index terms: | products customers music industry technological change |
| Language: | eng |
| Abstract: | The purpose of this paper is to present a model to address the sources and timing of technological change and dominant designs by using music industry as an example. The article demonstrates the impact of lower-level product design hierarchy improvements on design tradeoffs. Design tradeoffs affect movement both up and down the design hierarchy: movement upwards creates new product classes, whereas movement downwards may cause a dominant design to emerge in a given product class. |
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