Stochastic and path dependence effects in the diffusion of ideas

Andrea Mantovi (andrea.mantovi@unipr.it)

Working Paper series from Rimini Centre for Economic Analysis

Abstract: An impersonal mechanism for the diffusion of (the productivity of) ideas along a quality ladder is represented in terms of a Feynman-Kac path integral and the corresponding linear evolution PDE. The explicit solution of the initial value problem is set forth in terms of elementary functions, and the path dependence effects embodied by such a framework are thoroughly discussed. Potential lines of progress are briefly sketched.

Date: 2016-05
New Economics Papers: this item is included in nep-pr~ and nep-ure
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Working Paper: Stochastic and path dependence effects in the diffusion of ideas (2016)
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