Technological Competition a Qualitative Product Life Cycle
In this work, it is proposed to consider the evolution of markets for technological innovative products as a co-evolutionary process, where the product characteristics are the results of the interaction between producers technological advances and buyers’ preferences evolution. A methodological discussion identifies some necessary properties for a model to study this issue. A model of technological competition is developed, and its results discussed, to test a possible implementation of the supply side of the co-evolutionary process.
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- Klepper, Steven, 1997. "Industry Life Cycles," Industrial and Corporate Change, Oxford University Press, vol. 6(1), pages 145-81.
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