ON TECHNOLOGY COMPETITION: A FORMAL ANALYSIS OF THE 'SAILING-SHIP EFFECT'

Nicola De Liso and Giovanni Filatrella

Economics of Innovation and New Technology, 2008, vol. 17, issue 6, 593-610

Abstract: One of the key features of our economies consists of the coexistence of different technologies supplying similar products and services. We often observe that an old technology is improved when a new one appears; behind this process of improvement often lies an intentional research activity. There thus begins a competition between the two technologies whose performances are improved via R&D. We focus our attention on this competition process and supply a formal model, based on the optimization of R&D expenditure of both technologies, which can describe the dynamics of the delayed overtaking of the new technology over the old one.

Keywords: Technological competition; Technological change; Sailing-ship effect (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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DOI: 10.1080/10438590701560360

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