Introduction to the Journal of Evolutionary Economics special issue: the product characteristics approach to innovation studies

International audience; This special issue collects a selection of papers that were originally presented at the workshop on 'Demand, Product Characteristics and Innovation' organized at the Friedrich Schiller University in Jena in October 2007. The workshop was funded by the DIME (Dynamics of Innovation and Markets) Network of Excellence of the European Commission. All these papers are empirical investigations of the dynamics of innovation in particular industries, based on the 'twin characteristics' approach pioneered by Saviotti and Metcalfe (1984) exactly 25 years ago. Altogether, the papers contained in this special issue provide a good illustration of the variety of approaches that can be employed in detailed studies of product characteristics. They also provide a good overview of the riches of insights that can be gained using this approach. As the availability of datasets and information on product prices and technical characteristics is likely to increase in the near future, empirical studies based on product characteristics seem to represent a research trajectory that is worthwhile pursuing, especially by younger generations of researchers.