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Technological diffusion and preference learning in the world of Homo sustinens: The challenges for politics

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  • Cordes, Christian
  • Schwesinger, Georg

Abstract

This article relates agents' learning of a preference for a technology, competition of technologies, and their relative diffusion among potential adopters. Competitive interactions between two technologies are captured by an extended Lotka–Volterra model. To also incorporate preference learning on the part of potential adopters of these technologies, we combine it with a model of cultural learning based on role model, conformist, and hedonistic learning. Our theoretical analysis is illustrated by a concrete example: the competition between electric mobility and conventional forms of individual mobility. The model enables an evaluation of specific policy instruments as to the promotion of sustainable technology.

Suggested Citation

  • Cordes, Christian & Schwesinger, Georg, 2014. "Technological diffusion and preference learning in the world of Homo sustinens: The challenges for politics," Ecological Economics, Elsevier, vol. 97(C), pages 191-200.
  • Handle: RePEc:eee:ecolec:v:97:y:2014:i:c:p:191-200
    DOI: 10.1016/j.ecolecon.2013.11.013
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    Cited by:

    1. Tsai, Bi-Huei & Chang, Chih-Jen & Chang, Chun-Hsien, 2016. "Elucidating the consumption and CO2 emissions of fossil fuels and low-carbon energy in the United States using Lotka–Volterra models," Energy, Elsevier, vol. 100(C), pages 416-424.
    2. Diaz-Rainey, Ivan & Ashton, John K., 2015. "Investment inefficiency and the adoption of eco-innovations: The case of household energy efficiency technologies," Energy Policy, Elsevier, vol. 82(C), pages 105-117.
    3. repec:eee:rensus:v:75:y:2017:i:c:p:580-591 is not listed on IDEAS
    4. repec:spr:joevec:v:27:y:2017:i:4:d:10.1007_s00191-017-0509-5 is not listed on IDEAS

    More about this item

    Keywords

    Consumer behavior; Cultural evolution; Learning; Sustainability; Diffusion;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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