Predicting one type of technological motion? A nonlinear map to study the 'sailing-ship' effect
Physics and Society
2019-12-25 v1 Adaptation and Self-Organizing Systems
General Finance
Abstract
In this work we use a proven model to study a dynamic duopolistic competition between an old and a new technology which, through improved technical performance - e.g. data transmission capacity - fight in order to conquer market share. The process whereby an old technology fights a new one off through own improvements has been named 'sailing-ship effect'. In the simulations proposed, intentional improvements of both the old and the new technology are affected by the values of three key parameters: one scientific-technological, one purely technological and the third purely economic. The interaction between these components gives rise to different outcomes in terms of prevalence of one technology over the other.
Cite
@article{arxiv.1912.11250,
title = {Predicting one type of technological motion? A nonlinear map to study the 'sailing-ship' effect},
author = {G. Filatrella and N. De Liso},
journal= {arXiv preprint arXiv:1912.11250},
year = {2019}
}