In this work, it is proposed to consider the evolution of markets for technological innovative products as a co-evolutionary process, where the product characteristics are the results of the interaction between producers technological advances and buyers’ preferences evolution. A methodological discussion identifies some necessary properties for a model to study this issue. A model of technological competition is developed, and its results discussed, to test a possible implementation of the supply side of the co-evolutionary process.
|Place of Publication||Frederiksberg|
|Publisher||DRUID - Danish Research Unit for Industrial Dynamics|
|Number of pages||40|
|Publication status||Published - 1998|
|Series||DRUID Working Paper|