Innovation, Diversity and Diffusion: A Self-Organisation Model

Silverberg, Gerald; Dosi, Giovanni; Orsenigo, Luigi

doi:10.2307/2233718

Cited by 389 publications

(194 citation statements)

References 31 publications

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“…The first is a learning part wherein individual agents (firms), massively boundedly rational but always able to innovate, search for new techniques and new products and the second is a selection part whereby market interactions determine ex-post profitabilities, survival probabilities and firm rates of growth. More on the structure of evolutionary models of industrial dynamics in Silverberg et al, (1988) and Lehnert, (1994) Metcalfe, (1998) Dosi et al, (1995Dosi et al, ( , 2015b.…”

Section: Corporate Learning Competition and Industrial Evolutionmentioning

confidence: 99%

In order to stand up you must keep cycling: Change and coordination in complex evolving economies

Dosi

Virgillito

2021

Structural Change and Economic Dynamics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic systems that there are forces at work which keep them together and make them grow despite rapid and profound modifications of their industrial structures, social relations, techniques of production, patterns of consumption. We suggest that a fruitful interpretation of the two processes rests in what we call the "bicycle conjecture": in order to stand up you must keep cycling. However, changes and transformation are by nature "disequilibrating" forces. Thus there must be other factors which maintain relatively ordered configurations of the system and allow a broad consistency between the conditions of material reproduction (including income distributions, accumulation, available techniques) and the thread of social relations. Terms of use: Documents in

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Section: Corporate Learning Competition and Industrial Evolutionmentioning

confidence: 99%

In order to stand up you must keep cycling: Change and coordination in complex evolving economies

Dosi

Virgillito

2021

Structural Change and Economic Dynamics

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“…1) para a análise do "grau de monopólio": O parâmetro (atualizável) θ, utilizado no cálculo do mark-up desejado e do preço, define a agressividade competitiva da empresa em preço, e é atualizado por: (6) O índice de atraso de entrega, acompanhando Silverberg et al (1988), é determinado por . Kalecki (1954, cap.…”

Section: Bloco 1b: Decisões De Preçounclassified

Um modelo setorial baseado na abordagem kaleckiana da distribuição setorial funcional da renda e na teoria schumpeteriana da concorrência

Melo

Possas

Dweck³

2016

Econ. soc.

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ResumoEste artigo utiliza um referencial teórico schumpeteriano e kaleckiano para apresentar um modelo setorial capaz de captar os efeitos dinâmicos das inovações sobre a competitividade e a distribuição setorial funcional da renda. Adota-se a teoria distributiva de Kalecki, segundo a qual a distribuição funcional da renda é vinculada ao processo de formação de preços por mark-up. É desenvolvido um modelo de simulação para as interações entre firmas dentro de setores específicos a partir do método Agent-based modelling. A principal conclusão é que os resultados obtidos pelas simulações mostram que as inovações tecnológicas, ao influenciarem preço e mark-up, afetam diretamente a distribuição.Palavras-chave: Modelo setorial; Distribuição funcional da renda; Processo de concorrência; Kalecki; Schumpeter. Abstract A sectoral model based on the Kaleckian approach of sectoral functional income distribution and the Schumpeterian theory of competitionThis article uses the schumpeterian and kaleckian theories to present a sectoral model able to capture the dynamic effects of innovation on competitiveness and sectoral functional income distribution. Kalecki's distribution theory, according to which the functional income distribution is linked to markup pricing, is adopted. A simulation model for interaction between companies within specific sectors is developed from agent-based modelling. The main conclusion drawn from the results obtained with simulations shows that technological innovations directly affect income distribution by influencing both price and markup.

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“…[ii] models that mainly investigate the pattern of firm growth as a process of cumulation of learning opportunities folding together the two different processes (from Ijiri and Simon (1977) to Bottazzi and Secchi (2006a)); and [iii] models that unpack and treat separately the two processes (Silverberg et al (1988) and Dosi et al (1995)). …”

Section: Theoretical Interpretationsmentioning

confidence: 99%

“…Finally, many evolutionary models unpack the two drivers of evolution distinguishing between some idiosyncratic processes of change in the techniques of production, on the one hand, and the dynamics of differential growth driven by differential profitabilities and the ensuing rates of investment, on the other hand (such as in Nelson and Winter (1982)). Yet, in other evolutionary models selection is represented by means of an explicit replicator dynamics, (such in Silverberg et al (1988) and in Dosi et al (1995)). …”

Section: Introductionmentioning

confidence: 99%

The Footprint of Evolutionary Processes of Learning and Selection Upon the Statistical Properties of Industrial Dynamics

2015

Self Cite

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in 2015/04March 2015 ISSN (online) 2284-0400The footprint of evolutionary processes of learning and selection upon the statistical properties of industrial dynamicsGiovanni Dosi * 1 , Marcelo C. Pereira †2 and Maria Enrica Virgillito ‡11 Sant'Anna School of Advanced Studies 2 University of Campinas March 2015Abstract Evolutionary theories of economic change identify the processes of idiosyncratic learning by individual firms and of market selection as the two main drivers of the dynamics of industries. Are such processes able to robustly account for the statistical regularities which industrial structures and dynamics display? In this work we address this question by means of a simple agent-based model formalizing the mechanisms of learning and selection. The interplay between these two engines shapes the dynamics of entry-exit and market shares and, collectively, the productivity and the size distributions and their patterns of growth. As such, and despite its simplicity, the model is able to robustly reproduce an ensemble of empirical stylised facts, including ample heterogeneity in productivity distributions, persistent market turbulence and fat-tailed distribution of growth rates.

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Innovation, Diversity and Diffusion: A Self-Organisation Model

Cited by 389 publications

References 31 publications

In order to stand up you must keep cycling: Change and coordination in complex evolving economies

In order to stand up you must keep cycling: Change and coordination in complex evolving economies

Um modelo setorial baseado na abordagem kaleckiana da distribuição setorial funcional da renda e na teoria schumpeteriana da concorrência

The Footprint of Evolutionary Processes of Learning and Selection Upon the Statistical Properties of Industrial Dynamics

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