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All the engineers I know are convinced that they are experts at picking winning technologies.
Economists are uncomfortable with such measures, because history suggests that governments are bad at picking winning technologies; but these subsidies are certainly creating a demand for clean energy which should help bring down the price in the long run.The more important question, though, is whether the world is prepared to tax carbon.
He has embraced winning technologies such as all-optical networks, smart radios and Qualcomm 's CDMA.
For his part, Eliasson (2000) does not discuss knowledge development as such, as his theory is dealing more with selection of winning technologies instead of sources of innovation.
Building on the management of innovation literature which stresses the difficulty to specify ex-ante all the technical features of the winning technologies, we develop a model in which innovative effort is multi-dimensional and only a subset of innovation tasks can be measured and contracted upon.
Eliasson (2000) strongly associates competences with the selection of winning technologies and corporate winners, and conversely losing technologies and corporations, and thus, it adds analytical leverage to the Triple Helix relationships that are, according to Cai (2014), 'about competition and cooperation for resources, redistribution of power, and network building'.
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Whatever the controversies over nuclear power, credit to the government for backing this winning technology.
It has held its own in high-margin businesses, by sticking with the traditional Japanese formula for winning technology battles.
It's likely to be the winning technology because it is the most efficient and will give the most power for the lowest emissions.
"It is also one of the cheapest major renewables and the most popular with the British public, so why the UK government has stepped back from supporting this winning technology is difficult to understand," said a spokeswoman for the Solar Trade Association.
Virgin Galactic, an arm of Sir Richard Branson's empire, is commercialising the winning technology from that prize and will soon be flying its first batch of paying customers.Whether the new prize has the same catalytic effect remains to be seen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com