Advanced Search
Article Contents
Article Contents

The dynamics of technological change under constraints: Adopters and resources

Abstract Related Papers Cited by
  • We present a mathematical model for a technology cycle that centers its attention on the coexistence mechanisms of competing technologies. We use a biological analogy to couple the adoption of a technology with the provision of financial resources. In our model financial resources are limited and provided at a constant rate. There are two variants analyzed in this work, the first considers the so-called internal innovation and the second introduces external innovation. We make use of the adaptive dynamics framework to explain the persistence of closely related technologies as opposed to the usual competitive exclusion of all but one dominant technology. For internal innovation the existence of a resource remanent in the full adoption case does not always lead to competitive exclusion; otherwise with the external innovation the resident technology can not be displaced. The paper illustrates the persistence of closely related technologies and the competitive exclusion in renewable energy technologies and TV sets respectively.
    Mathematics Subject Classification: Primary: 37C25, 37C75; Secondary: 91B42, 92D25.


    \begin{equation} \\ \end{equation}
  • [1]

    P. Anderson and M. L. Tushman, Technological discontinuities and dominant design: A cycle model of technological change, Administrative Science Quartely, 35 (1990), 604-633.


    F. Bass, A new product growth model for consumer durables, Management Science, 50 (2004), 1825-1832.doi: 10.1287/mnsc.1040.0264.


    W. E. Bijker and T. P. Pinch, The Social Construction of Technological Systems: New Directions in the Sociology and History of Technology, MIT Press, New York, 1989.


    C. M. Christensen, The Innovators Dilemma: When New Technologies Cause Great Firms to Fail, Harvard Business School Press Boston, MA, 1989.


    C. W. Clark, Mathematical Bioeconomics: The Optimal Management of Environmental Resources, John Wiley and Sons, 1990.


    D. T. Coe, E. Helpman and A. W. Hoffmaister, North-South R & D spillovers, The Economic Journal, 107 (1997), 134-149.doi: 10.3386/w5048.


    F. Dercole, U. Dieckmann, M. Obersteiner and S. Rinaldi, Adaptive dynamics and technological change, Technovation, 28 (2008), 335-348.doi: 10.1016/j.technovation.2007.11.004.


    T. Devezas and J. Corredine, The biological determinants of long-wave behavior in socioeconomic growth and development, Technol. Forecast. Soc. Chang., 68 (2001), 1-57.doi: 10.1016/S0040-1625(01)00136-6.


    U. Dieckmann and R. Law, The dynamical theory of coevolution: A derivation from stochastic ecological processes, J. Math. Biol., 34 (1996), 579-612.doi: 10.1007/BF02409751.


    O. Diekmann, A beginners guide to adaptive dynamics, Mathematical Modelling of Population Dynamics, Banach Center Publications, Polish Academy of Sciences, Warszawa, 63 (2004), 47-86.


    G. Dosi, Technological paradigms and technological trajectories, Research Policy, 11 (1982), 147-162.doi: 10.1016/0048-7333(82)90016-6.


    J. Fisher and R. Pry, A simple substitution model of technological change, Technol. Forecast. Soc. Chang., 3 (1971), 75-88.doi: 10.1016/S0040-1625(71)80005-7.


    C. Freeman and C. Pérez, Structural Crises of Adjustment, Business Cycles and Investment Behaviour, in Technical Change and Economic Theory (eds. Dosi et. al.), Pinter Publishers, U.K., 1998.


    G. George, Slack resources and the performance of privately held firms, Academy of Management Journal, 48 (2005), 661-676.doi: 10.5465/AMJ.2005.17843944.


    A. Grübler, Technology and Global Change, The Press Syndicate of the University of Cambridge, Cambridge, UK, 1998.


    R. Henderson, A. B. Jaffe and M. Trajtenberg, Universities as a source of commercial technology: A detailed analysis of university patenting, 1965-1988, Review of Economics and Statistics, 80 (1998), 119-127.doi: 10.1162/003465398557221.


    G. Z. Hu Albert and A. B. Jaffe, Patent citations and international knowledge flow: The cases of Korea and Taiwan, International Journal of Industrial Organization, 21 (2005), 849-880.


    A. B. Jaffe and M. Trajtenberg, International knowledge flows: Evidence from patent citations, Economics of Innovation and New Technology, 8 (1999), 105-136.doi: 10.3386/w6507.


    A. B. Jaffe, M. Trajtenberg, S. Michael and Fogarty, Knowledge spillovers and patent citations: Evidence from a survey of inventors, American Economic Review, 90 (2000), 215-218.doi: 10.1257/aer.90.2.215.


    A. B. Jaffe and M. Trajtenberg, Patents, Citations, and Innovations: A Window on the Knowledge Economy, The MIT Press Cambridge, Massachusetts, 2002.


    N. Jonard and M. Yildizoglu, Interaction of local interactions: Localized learning and network externalities, in The Economics of Networks: Interaction and Behaviours, Springer Berlin, (1998), 189-204.doi: 10.1007/978-3-642-72260-8_8.


    N. Jonard and M. Yildizoglu, Technological diversity in an evolutionary model with localized learning and network externalities, Structural Change and Economic Dynamics, 9 (1998), 35-53.doi: 10.1016/S0954-349X(97)00027-1.


    W. KellerThe Geography and Channels of Diffusion at the World's Technology Frontier, NBER Working Paper 8150, 2001.


    J. E. Keymer, M. A. Fuentes and P. A. Marquet, Diversity emerging: From competitive exclusion to neutral coexistence in ecosystems, Theoretical Ecology, 5 (2012), 457-463.doi: 10.1007/s12080-011-0138-9.


    D. A. Levinthal, The slow pace of rapid technological change: Gradualism and punctuated in technological change, Industrial and Corporate Change, 7 (1998), 217-247.doi: 10.1093/acprof:oso/9780199269426.003.0008.


    C. Marchetti, Society as a learning system: Discovery, invention and innovation cycles revisited, Technol. Forecast. Soc. Chang., 18 (1980), 267-282.doi: 10.1016/0040-1625(80)90090-6.


    T. Modis, Predictions: Societys Telltale Signature Reveals the Past and Forecasts the Future, Simon and Scuster, New York, 1992.


    A. Nair and D. Ahlstrom, Delayed creative destruction and the coexistence of technologies, J. Eng. Technol. Manage, 20 (2003), 345-365.doi: 10.1016/j.jengtecman.2003.08.003.


    R. Nelson and S. Winter, In search of a useful theory of innovation, Research Policy, 6 (1977), 36-76.doi: 10.1016/0048-7333(77)90029-4.


    F. Phillips, On S-curves and tipping points, Technol. Forecast. Soc. Chang., 74 (2007), 715-730.doi: 10.1016/j.techfore.2006.11.006.


    J. A. Schumpeter, The theory of economic development, The European Heritage in Economics and the Social Sciences, 1 (2003), 61-116.doi: 10.1007/0-306-48082-4_3.


    S.-J. Lee, D.-J. Lee and H.-S. Oh, Technological forecasting at the Korean stock market: A dynamic competition analysis using Lotka-Volterra model, Technol. Forecast. Soc. Chang., 72 (2005), 1044-1057.


    J. Shot and F. W. Geels, Niches in evolutionary theories of technical change. A critical survey of the literature, Industrial and Corporate Change, 17 (2007), 605-622.doi: 10.1007/s00191-007-0057-5.


    G. Silverberg, G. Dosi and L. Orsenigo, Innovation, diversity and diffusion: A self-organisation model, The Economic Journal, 98 (1988), 1032-1054.doi: 10.2307/2233718.


    A. Stirling, On the Economics and Analysis of Diversity, SPRU Electronic Working Paper Series, 28 (1998).


    J. Tan and M. W. Peng, Organizational slack and firm performance during economic transitions: Two studies from an emerging economy, Strategic Management Journal, 24 (2003), 1249-1263.doi: 10.1002/smj.351.


    M. L. Tushman and P. Anderson, Technological discontinuities and organizational environments, Administrative Science Quartely, 31 (1986), 439-465.doi: 10.2307/2392832.


    C. Watanabe, R. Kondo, N. Ouchi and A. Wei, The dynamics of adaptation and evolutionary branching, Physical Review Letters, 78 (1997), 2024-2027.


    C. Watanabe, R. Kondo and A. Nagamatsu, Policy options for the diffusion orbit of competitive innovations: An application of Lotka-Volterra equations to Japan's transition from analog to digital TV broadcasting, Management Science, 23 (2003), 437-445.doi: 10.1016/S0166-4972(02)00004-4.


    C. Watanabe, R. Kondo, N. Ouchi and A. Wei, A substitution orbit model of competitive innovations, Technol. Forecast. Soc. Chang., 71 (2004), 365-390.doi: 10.1016/S0040-1625(02)00351-7.


    H. P. YoungInnovation Diffusion in Heterogeneous Populations: Contagion, Social Influence and Social Learning, SFI Working Papers, 2007.

  • 加载中

Article Metrics

HTML views() PDF downloads(64) Cited by(0)

Access History



    DownLoad:  Full-Size Img  PowerPoint