ISSN:
1432-1386
Keywords:
Innovation
;
Technology
;
Master equation
;
Survival probability
;
Evolution
;
O3
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract Technological innovations have been investigated by means of substitution and diffusion as well as evolution models, each of them dealing with different aspects of the innovation problem. In this paper we follow the well known research traditions on self-organisation models of complex systems. For the first time in the literature we show the existence of a specific niche effect, which may occur in the first stage of establishment of a new technology. Using a stochastic Master equation approach, we obtain analytical expressions for the survival probabilities of a new technology in smaller or larger ensembles. As a main result we demonstrate how a hyperselection situation might be removed in a stochastic picture and thresholds against the prevailing of a new technology in a step-by-step process can be overcome.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01202370
