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on Technology and Industrial Dynamics |
| By: | Uwe Cantner; Andreas Nicklisch; Torsten Weiland |
| Abstract: | In an experimental setting, firms in a duopoly market engage in a patent tournament and compete for profit-enhancing product advancements. The firms generate income by matching exogenously defined demand preferences with an appropriately composed product portfolio of their own. Demand preferences are initially unknown and first need to be revealed by an investigation of the possible product variations. The better firms approximate demand preferences, the higher their profits. In the ensuing innovation race, firms interact through information spillovers resulting from the imperfect appropriability of research successes. In the random period of the experiment, the continuity of the search process is disturbed by an exogenous shock that affects both the supply and demand side and again spurs research competition. Firms may henceforth explore an enlarged product space in attempting to match the equally modified demand preferences. In our analysis, we explore the behavioral regularities of agents who are engaged in innovation activities. As a key element we test to what extend relative economic performance exercises a stimulating effect on the implementation of innovation and imitation strategies. |
| Keywords: | Innovation, Imitation, Patent Tournament, Trial and Error Process |
| JEL: | D81 O31 |
| Date: | 2005–07 |
| URL: | http://d.repec.org/n?u=RePEc:esi:discus:2005-14&r=tid |
| By: | JAVIER CARRILLO (Instituto de Empresa) |
| Abstract: | (WP 20/03 Clave pdf) The study described here aims to make a threefold contribution to the analysis of technology diffusion. It tries to offer a new approach to the study of the dynamic of innovation diffusion, not from the traditional perspective of the rate at which one new technology is fully adopted, but the extent of the diffusion of several technologies and the related phenomenon of standardization. It aims to show a broadened and evolutionary view of the process of technology standardization. Finally, it tries to identify and evaluate the relationships existing between the main characteristics of industries and the attributes of the technology standardization processes in them. |
| Keywords: | Agent-based models, Evolutionary models, Lock-in , Standardization, Technology difussion |
| Date: | 2003–12 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp03-20&r=tid |
| By: | JAVIER CARRILLO (Instituto de Empresa) |
| Abstract: | (WP 02/04 Clave pdf) The results of our model show that it would be advisable to undertake policies expressly aimed at the process of sustainable technological change in a way that is complementary to the conventional equilibrium oriented environmental policies. In short, the main objectives of this paper are to understand more fully the dynamics of the process of technological change, its role in sustainable development, and to assess the implications of this dynamic approach to techno-environmental policy. To achieve these goals we have developed an agent based model, using distributed artificial intelligence concepts drawn from the general methodology of social simulation. |
| Keywords: | Agent-based models, Evolutionary models, Lock-in , Standardization, Technology difussion, Sustainability |
| Date: | 2004–01 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp04-02&r=tid |