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Positive Feedbacks, Diffusion Phenomenon and Competition between Standards on the Knowledge Markets

Author

Listed:
  • Vadim DUMITRASCU

    („Dimitrie Cantemir“ Christian University - Bucharest)

Abstract

A pressing reality which companies must deal with is the accelerated emergence of the networks, physical or virtual, which play an increasingly important role in business. Networks configuration determines the markets dynamics, business organisation. However, the access to knowledge is not possible but through networks. In the knowledge networks, the generation of some specific effects (of network) initiates processes of positive feedback, meaning that any initial difference in the conditions of the market is amplified in time. It is the main cause of the fact that the diffusion of knowledge is subject to some exponential laws.

Suggested Citation

  • Vadim DUMITRASCU, 2012. "Positive Feedbacks, Diffusion Phenomenon and Competition between Standards on the Knowledge Markets," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 73-79, November.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:73-79
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    More about this item

    Keywords

    knowledge; network; network capital; network effects; positive feedback; exponential diffusion;

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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