Market-oriented innovation: When is it profitable? An abstract agent-based study

• Autor(a) principal: Araújo, Tanya
• Data de Publicação: 2006
• Outros Autores: Mendes, R. Vilela
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.5/2653
• topic: Agent-Based Models; Innovation; Artificial Societies

Agent-based models have been increasingly used to model artificial societies. Many of these models fall into the field of biological sciences and a very important part of them deals with economical problems. Economical, ecological and social environments share as a common feature the fact that the agents operating in these environments spend a large amount of their time trying to maximize some kind of actual or perceived utility, be it related to profit, to food or reproduction or to confort and power. It so happens that many times the improvement of one agent's utility is made at the expense (or causes) the decrease of the other agents utilities. A general concept that is attached to this improvement struggle is the idea of innovation