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Responsible Innovation in Industry

Facilitating adoption of responsible innovation in business through certification

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Article: 2211810 | Received 16 Apr 2021, Accepted 04 May 2023, Published online: 31 May 2023

Figures & data

Figure 1. Optimal resource usage in innovation: the baseline case. Source: Authors’ own illustration based on Pindyck and Rubinfeld (Citation2009).

Figure 1. Optimal resource usage in innovation: the baseline case. Source: Authors’ own illustration based on Pindyck and Rubinfeld (Citation2009).

Figure 2. Positive external effects generated by the responsible innovation model. Source: Authors’ own illustration based on Pindyck and Rubinfeld (Citation2009).

Figure 2. Positive external effects generated by the responsible innovation model. Source: Authors’ own illustration based on Pindyck and Rubinfeld (Citation2009).

Figure 3. The market of an innovative product with homogeneous innovators and customers. Source: Authors’ own rendition.

Figure 3. The market of an innovative product with homogeneous innovators and customers. Source: Authors’ own rendition.

Figure 4. Heterogeneous innovators and customers in the market of an innovative product: a pooling equilibrium. Source: Authors’ own rendition.

Figure 4. Heterogeneous innovators and customers in the market of an innovative product: a pooling equilibrium. Source: Authors’ own rendition.

Figure 5. Separating equilibrium in the market of an innovative product. Source: Authors’ own rendition.

Figure 5. Separating equilibrium in the market of an innovative product. Source: Authors’ own rendition.