WorldCat Identities

Birchenhall, Chris

Overview
Works: 2 works in 19 publications in 1 language and 322 library holdings
Roles: Author
Classifications: HB135, 510.2433
Publication Timeline
.
Most widely held works by Chris Birchenhall
Mathematics for modern economics by Chris Birchenhall( Book )
17 editions published between 1984 and 1994 in English and Undetermined and held by 317 WorldCat member libraries worldwide
Technological diffusion, welfare and growth technological succession in the presence of network externalities by Paul Windrum( )
2 editions published in 2002 in English and held by 5 WorldCat member libraries worldwide
The paper examines the conditions under which technological successions can occur in the presence of network externalities. A multi-agent model is developed in which the product designs offered by firms co-evolve with consumer preferences. Firms compete though product innovation. The model incorporates a modified genetic algorithm (GA) in which imitation is conducted via a process of selective transfer (a one-way crossover) and internal R&D is conducted via selective mutation. Following an initial period in which old technology firms develop their designs and network externalities accrue, a technological shock occurs in which new technology-based firms enter the market. The findings of the model indicate that a necessary condition for a technological succession are the existence of at least one consumer group that champions the new technology, developing new preferences for its characteristics. Further, the introduction of novel characteristics are have a greater bearing on the probability of a succession than incremental gains in characteristics offered by the old technology. Third, the analysis identifies an inverse relationship between time the probability of a technological succession
 
Audience Level
0
Audience Level
1
  Kids General Special  
Audience level: 0.67 (from 0.47 for Technologi ... to 0.67 for Mathematic ...)
WorldCat IdentitiesRelated Identities
Languages
English (18)