How do technology-inherent characteristics affect valuation processes in innovation systems?

IF 5.7 2区 经济学 Q1 ENVIRONMENTAL SCIENCES
Churchill Agutu , Bjarne Steffen , Tobias S. Schmidt
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引用次数: 0

Abstract

Technology valuation processes describe how the value of an innovation is created, embedded and changed for society. They are therefore crucial to understanding a technology's speed of diffusion. Recent literature has highlighted the importance of technology-inherent characteristics for innovation processes, i.e. the creation of new technologies. However, the role of these characteristics in shaping the valuation processes and thereby the diffusion of new technologies remains unclear. To address this gap, we compare valuation processes for two competing technologies - Mini-grids and Solar Home Systems for rural electrification in Rwanda using an inductive case study. We derive three technology-inherent characteristics to explain differences in valuation between the two technologies: (i)the need for customization of technologies; (ii)the networked nature of technologies; and (iii)technological complementarity with mature technologies, which implies a greater valuation effort if the technology is characterized by organizational and institutional non-complementarities. We discuss the implications of our results for decision makers and future research.

技术固有特征如何影响创新系统的估值过程?
技术评估过程描述了创新的价值是如何被创造、嵌入社会并改变社会的。因此,它们对于了解一项技术的传播速度至关重要。近期的文献强调了技术固有特性对于创新过程(即创造新技术)的重要性。然而,这些特征在塑造新技术的估值过程并进而影响其传播方面所起的作用仍不明确。为了弥补这一不足,我们通过归纳式案例研究,比较了两种相互竞争的技术--卢旺达农村电气化用微型电网和家用太阳能系统--的估值过程。我们得出了三种技术固有特征来解释这两种技术之间的估值差异:(i) 技术定制的必要性;(ii) 技术的网络化性质;(iii) 与成熟技术的技术互补性,这意味着如果技术具有组织和制度上的非互补性,则需要付出更大的估值努力。我们将讨论我们的结果对决策者和未来研究的影响。
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来源期刊
Environmental Innovation and Societal Transitions
Environmental Innovation and Societal Transitions Energy-Renewable Energy, Sustainability and the Environment
CiteScore
13.60
自引率
19.40%
发文量
90
审稿时长
56 days
期刊介绍: Environmental Innovation and Societal Transitions serves as a platform for reporting studies on innovations and socio-economic transitions aimed at fostering an environmentally sustainable economy, thereby addressing structural resource scarcity and environmental challenges, particularly those associated with fossil energy use and climate change. The journal focuses on various forms of innovation, including technological, organizational, economic, institutional, and political, as well as economy-wide and sectoral changes in areas such as energy, transport, agriculture, and water management. It endeavors to tackle complex questions concerning social, economic, behavioral-psychological, and political barriers and opportunities, along with their intricate interactions. With a multidisciplinary approach and methodological openness, the journal welcomes contributions from a wide array of disciplines within the social, environmental, and innovation sciences.
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