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On positional consumption and technological innovation - an agent-based approach
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Autores
Orientador(es)
Resumo(s)
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.
Descrição
Palavras-chave
Positional Consumption Innovation Agent-Based Models Robert Frank
Contexto Educativo
Citação
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.
Editora
ISEG - Departamento de Economia.