Nonlinear Stochastic Effects of Substitution--An Evolutionary Approach

E Bruckner, W Ebeling, M.A. Jimenez Montano and A. Scharnhorst

Journal of Evolutionary Economics, 1996, vol. 6, issue 1, 30 pages

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-organization 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 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. Coauthors are W. Ebeling, M. A. Jimenez Montano, and A. Scharnhorst.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (15)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:6:y:1996:i:1:p:1-30

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/191/PS2

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
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().