1. Neoclassical vs Evolutionary Economics
Shared points
Technological and scientific opportunities of a specific industry influence the innovation rate;
Economic incentives play a key role in innovation: e.g. high “appropriability” determines high R&D expenditure and low innovation diffusion rate;
Demand level counts (high demand >>> High R&D expenditure)
Direct relationships between monopolistic power (market structure) and innovation rate; market structure and Technological development are linked

2. Neoclassical vs Evolutionary Economics
Divergences:
Economic Equilibrium (N) vs Non-equilibrium status (E)
Static and dynamic models; weak attention to how equilibrium is reaches (N) vs innovation processes/dynamics, transition (E)
Technology mainly as “information” (N) vs Technology as multidimensional entity, related to “knowledge” (E)
Focus on Firm Strategy (N) vs attention to competences, behaviors, firm organization, types of company (E)
Firms are considered as independent from the context (history, institutional setting, etc.) (N), vs firms as subjects embedded in the technological, sectoral, institutional setting (E).
Substantial rationality – perfect information and maximizing behavior - (N) vs bounded rationality with only satisfying behavior (E)
Market failures – public goods - in R&D activity, with IPR and subsidy as public solution (N) vs more articulated and reach of trade-offs framework for public intervention, with more attention paid to roles played by institutions and innovation (national) systems (E).