Government regulation effects on the direction of innovation: A focus on performance standards
- 1 August 1977
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Engineering Management
- Vol. EM-24 (3) , 82-86
- https://doi.org/10.1109/tem.1977.6447245
Abstract
The paper shows how regulations result in some innovations being encouraged (in fact necessitated), while others are thwarted. What is highlighted is that innovation is `bent' by regulation. The paper suggests a future study that examines the extent of the ripple effect-regulation effects upon Firm A (supplier), Firm B (supplier to A), and the effect on users.Keywords
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