Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2511
Título: On Positional Consumption and Technological Innovation - an Agent-based Approach
Autor: Bernardino, João
Araújo, Tanya
Palavras-chave: Positional consumption
agent-based models
Robert Prank
Data: 2010
Editora: ISEG – Departamento de Economia
Citação: Bernardino, João e 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
Relatório da Série N.º: DE Working papers;nº 4-2010/DE/UECE
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 benefits 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.
URI: http://hdl.handle.net/10400.5/2511
ISSN: 0874-4548
Versão do Editor: http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=94307
Aparece nas colecções:DE - Documentos de trabalho / Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers

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