Dynamics in Science-Based Markets: Two Phases of Development

This thesis analyzes the development of science-based (SB) technologies. In general, technology evolution is influenced by different factors. There are two different development phases in the SB technology cycle. The first phase is denoted as the science-push and the second as the demand-pull phase. Most studies dealing with the evolution of SB technologies are of rather descriptive nature. The aim of this thesis is the identification and quantification of the differences in the two phases.