On positional consumption and technological innovation - an agent-based approach
Autor(a) principal: | |
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Data de Publicação: | 2010 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/1857 |
Resumo: | Positional behavior is a source of externalities and sets limits to wellbeing. Remedies against this market failure are defended by some authors and rejected by others, while the core of the discussion rests on the bene ts and costs of applying economic instruments. One of the issues discussed is the role that the competition for positional goods may have in generating technological innovation. This paper aims to contribute to the understanding of this process by analyzing an agent-based model. We observe a plausible structure of the dynamics behind the process of generation of technological innovation by positional consumption and obtain results on the influence of some key factors on the pace of innovation, particularly those of income inequality, the Hirsch conjecture of relative increase of positional consumption with affluence, and consumer network and social neighborhood sizes. |
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On positional consumption and technological innovation - an agent-based approachPositional ConsumptionInnovationAgent-Based ModelsRobert FrankPositional behavior is a source of externalities and sets limits to wellbeing. Remedies against this market failure are defended by some authors and rejected by others, while the core of the discussion rests on the bene ts and costs of applying economic instruments. One of the issues discussed is the role that the competition for positional goods may have in generating technological innovation. This paper aims to contribute to the understanding of this process by analyzing an agent-based model. We observe a plausible structure of the dynamics behind the process of generation of technological innovation by positional consumption and obtain results on the influence of some key factors on the pace of innovation, particularly those of income inequality, the Hirsch conjecture of relative increase of positional consumption with affluence, and consumer network and social neighborhood sizes.Fundação para a Ciência e TecnologiaISEG - Departamento de Economia.Repositório da Universidade de LisboaBernardino, JoãoAraújo, Tanya2010-04-21T14:01:20Z20102010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/1857engBernardino, João, Tanya Araújo. 2010. "On positional consumption and technological innovation - an agent-based approach". Instituto Superior de Economia e Gestão-DE working papers nº 4-2010/DE/UECE.0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:33:06Zoai:www.repository.utl.pt:10400.5/1857Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:49:57.592329Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
On positional consumption and technological innovation - an agent-based approach |
title |
On positional consumption and technological innovation - an agent-based approach |
spellingShingle |
On positional consumption and technological innovation - an agent-based approach Bernardino, João Positional Consumption Innovation Agent-Based Models Robert Frank |
title_short |
On positional consumption and technological innovation - an agent-based approach |
title_full |
On positional consumption and technological innovation - an agent-based approach |
title_fullStr |
On positional consumption and technological innovation - an agent-based approach |
title_full_unstemmed |
On positional consumption and technological innovation - an agent-based approach |
title_sort |
On positional consumption and technological innovation - an agent-based approach |
author |
Bernardino, João |
author_facet |
Bernardino, João Araújo, Tanya |
author_role |
author |
author2 |
Araújo, Tanya |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Bernardino, João Araújo, Tanya |
dc.subject.por.fl_str_mv |
Positional Consumption Innovation Agent-Based Models Robert Frank |
topic |
Positional Consumption Innovation Agent-Based Models Robert Frank |
description |
Positional behavior is a source of externalities and sets limits to wellbeing. Remedies against this market failure are defended by some authors and rejected by others, while the core of the discussion rests on the bene ts and costs of applying economic instruments. One of the issues discussed is the role that the competition for positional goods may have in generating technological innovation. This paper aims to contribute to the understanding of this process by analyzing an agent-based model. We observe a plausible structure of the dynamics behind the process of generation of technological innovation by positional consumption and obtain results on the influence of some key factors on the pace of innovation, particularly those of income inequality, the Hirsch conjecture of relative increase of positional consumption with affluence, and consumer network and social neighborhood sizes. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010-04-21T14:01:20Z 2010 2010-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/1857 |
url |
http://hdl.handle.net/10400.5/1857 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Bernardino, João, Tanya Araújo. 2010. "On positional consumption and technological innovation - an agent-based approach". Instituto Superior de Economia e Gestão-DE working papers nº 4-2010/DE/UECE. 0874-4548 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de Economia. |
publisher.none.fl_str_mv |
ISEG - Departamento de Economia. |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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