Knowledge Representation and Search Processes - a contribution to the microeconomics of invention and innovation
AbstractNovelty creating processes have been mainly analysed in a 'post-revelation' situation and by taking a meso (or even macro) level perspective. One reason for this might be a methodological caveat according to which firstly the novelty creating process (henceforth: ncp) is totally conjectural without anything to generalize and secondly the results of a ncp can not be anticipated leaving only room for some after-the-fact-analysis on a more or less aggregated level. Without denying these assumptions the following considerations assume that it is worthwhile to analyse the ncp from a microeconomic perspective including 'prerevelation' situations. The subject matter of such an analysis is constituted by the following components: - the triggering conditions for ncps, - the constraints for ncps, - the expectations of agents/agencies promoting ncps, - the heuristics for ncps and finally - the processing of the ncps themselves. In this article I will deal with these topics by proceeding in the following manner: (1) I discuss the shortcomings of the usual analysis of ncp in evolutionary economics and pick up some hints of the cognitive sciences to overcome these conceptual shortcomings (section II). (2) I try to combine stylised facts of the microeconomic analysis of ncps with conceptual ideas about a cognitive architecture of agents and knowledge networks for getting a modelling framework. (3) I will present some preliminary simulation results for parts of this simulation model (section III).
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Bibliographic InfoPaper provided by University of Kassel, Institute of Economics in its series Discussion Papers in Economics with number 75/05.
Length: 31 pages
Date of creation: Aug 2005
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-17 (All new papers)
- NEP-CBE-2005-09-17 (Cognitive & Behavioural Economics)
- NEP-CMP-2005-09-17 (Computational Economics)
- NEP-ENT-2005-09-17 (Entrepreneurship)
- NEP-HPE-2005-09-17 (History & Philosophy of Economics)
- NEP-INO-2005-09-17 (Innovation)
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