Frank Beckenbach () (Department of Economics, University of Kassel)
Abstract
Novelty 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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Publisher Info
Paper provided by University of Kassel, Institute of Economics in its series Discussion Papers in Economics with number
75/05.
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