 Competition, Variety and Technological Evolution: A Replicator Dynamics ModelPier Paolo Saviotti and G S Mani Journal of Evolutionary Economics, 1995, vol. 5, issue 4, 369-92 Abstract: In this paper a model of technological evolution based on replicator dynamics is developed. Such a model is based on a twin characteristics representation of product technology and on a population approach. The model can give a general representation of technological evolution but this paper concentrates on the relationship between variety and competition. Variety is considered to be a very important variable influencing economic development. By means of the characteristics and population approach adopted in this paper it is possible to distinguish between inter- and intra-technology competition. In this paper it is demonstrated that the variety of the system can only increase if intra-technology competition is more intense than inter-technology competition. Intuitively this implies that new technologies will only be able to emerge if incumbent technologies experience the competition coming from the new ones to be weaker than their own internal competition. Date: 1995 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:5:y:1995:i:4:p:369-92 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Evolutionary Economics is currently edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo More articles in Journal of Evolutionary Economics from Springer |
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