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).](/cms/asset/8b2da262-daa1-46e6-ae00-8c757c302b54/tjri_a_2211810_f0001_ob.jpg)
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).](/cms/asset/c2b7184e-ceff-4781-9afa-4624dc5a8a76/tjri_a_2211810_f0002_ob.jpg)
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.](/cms/asset/fef6ae42-e140-42fc-ae08-ce3fde13eb5d/tjri_a_2211810_f0003_ob.jpg)
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.](/cms/asset/17aad66a-9041-4755-a5e9-ea6cb3c88fb8/tjri_a_2211810_f0004_ob.jpg)
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.](/cms/asset/4177d986-6a56-47fa-9993-38cffcfc7bc7/tjri_a_2211810_f0005_ob.jpg)