Competing recombinant technologies for environmental innovation: Extending arthur's model of lock-in

Industry and Innovation

Volumn 18, Issue 3, 2011, Pages 317-334

  Zeppini, Paolo ^a,b   van Den Bergh, Jeroen C J M ^b,c,d,e,f  

^a UNIVERSITY OF AMSTERDAM   (Netherlands)

^b TINBERGEN INSTITUTE   (Netherlands)

^c INSTITUCIÓ CATALANA DE RECERCA I ESTUDIS AVANÇATS ICREA   (Spain)

^d INSTITUT DE CIÈNCIA I TECNOLOGIA AMBIENTALS   (Spain)

^e VU University   (Netherlands)

^f NAKE   (Netherlands)

Author keywords

Externalities; Hybrid technology; Lock in; R D; Sequential decisions

Indexed keywords

COMPETITION (ECONOMICS); ENVIRONMENTAL ECONOMICS; ENVIRONMENTAL POLICY; INNOVATION; INVESTMENT; MODELING; REGULATORY FRAMEWORK; RESEARCH AND DEVELOPMENT; TECHNOLOGICAL DEVELOPMENT;

EID: 79956365857     PISSN: 13662716     EISSN: 14698390     Source Type: Journal    
DOI: 10.1080/13662716.2011.561031     Document Type: Article

References (12)

1. Arthur, B. (1989) Competing technologies, increasing returns, and lock-in by historical events, The Economic Journal, 99, pp. 116-131.
2. Arthur, W. B., Ermoliev, Y. M. and Kaniovski, Y. M. (1987) Path-dependent processes and the emergence of macrostructure, European Journal of Operation Research, 30, pp. 294-303.
3. Banerjee, A. V. (1992) A simple model of herd behavior, The Quarterly Journal of Economics, 107(3), pp. 797-817.
4. Bikhchandani, S., Hirshleifer, D. and Welch, I. (1992) A theory of fads, fashion, custom and cultural change as informational cascades, Journal of Political Economy, 100(3), pp. 992-1026.
5. Dasgupta, P. and Maskin, E. (1987) The simple economics of research portfolios, The Economic Journal, 97, pp. 581-595.
6. David, P. A. and Foray, D. (1994) Dynamics of competitive technology diffusion through local network structures, in: L. Leydesdorff & P. van den Besselaar (Eds), Evolutionary Economics and Chaos Theory, pp. 63-78 (London: Pinter).
7. Dosi, G. (1982) Technological paradigms and technological trajectories, Research Policy, 11, pp. 147-162.
8. Hommes, C. H. (2006) Heterogeneous agent models in economics and finance, in: L. Tesfatsion & K. L. Judd (Eds), Agent-based Computational Economics, Handbook of Computational Economics, Vol. 2, Ch. 23, pp. 1109-1186 (Amsterdam: North-Holland).
9. Jaber, J. O., Odeh, S. D. and Probert, S. D. (2003) Integrated PV and gas-turbine system for satisfying peak-demands, Applied Energy, 76(4), pp. 305-319.
10. Mansfield, E. (1961) Technical change and the rate of imitation, Econometrica, 29, pp. 741-766.
11. van den Bergh, J. C. J. M. (2008) Optimal diversity: increasing returns versus recombinant innovation, Journal of Economic Behavior & Organization, 68, pp. 565-580.
12. Zeppini-Rossi, P. and van den Bergh, J. C. J. M. (2008) Optimal diversity in investments with recombinant innovation, Technical Report 2008-12 (The Netherlands: CeNDEF, University of Amsterdam).