The main determinants of technology dynamics in Tunisian manufacturing sectors
The data from the industrial survey provided by Ministry of Scientific Research, Technology and Competency Development (MSRTCD) for the period 2002-2004 is explored using regression trees and Probit models in order to discover main factors that favor the innovative capacity of Tunisian firms. Our results show that we must distinguish process and product innovations because they are driven by different mechanisms. This analysis allows us to suggest some differentiated policy indications for fostering innovative capacity in these sectors.
Consumer decision rules for agent-based models
Market dynamics depend not only from supply-side choices but also from the decision making process of consumers during the different phases of the sector life cycle. Quoted in several peer-review journals, this paper offers a micro-foundation of demand allowing for heterogenous bounded rational consumers, product differentiation, purchase repetition over time.
In particular, you shall find the rules of consumer behavour used in the freely downloadable model of free competition with bi-directional product differentiation, innovation, advertising, and finance that gave rise to these micro-data showing you the characteristichs of early adopters, late adopters, not adopters.
Moreover, it suggests to ACE modellers a "golden rule" for more realistic models.
Peer-reviewed journals quoting this paper:
2. IBM Journal of Research and Development
3. European Journal of Operational Research
4. Gaming Law Review and Economics
5. ASME 2006 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference
6. International Business Information Management
Essay: The Design of Regional Innovation Systems by Georg Erber
Income distribution along the value chain: the case of Thai rice before and after a populist policy
The estimation of the structural model of how benefits are shared among rice farmers, millers, and exporters, before the policy implementation indicates a proportion of 68-2-30, whereas it becomes 17-22-61 after the implementation. After
classifying the populism policy as two different regimes of paddy pledging and rice farmer income guarantee, it is observed that the benefit sharing structural model for the paddy pledging scheme is 17-22-61, which shows a tendency to generate deeper economic inequality and unfairness than that under the rice farmer income guarantee scheme, which seems to mitigate such problem at the benefit sharing of 87-4-9. This methodology can be replicated in other value chains across the globe.
Essay: Game design as marketing: How game mechanics create demand for virtual goods (2010) - a paper quoting our key concept: product differentiation
You are a monopolist
The traditional monopolist's choice about price and quantity is now given a new dynamic setting where you can interact. Demand is unknown and the produced good is durable across periods of time. Thus, sales needn't be equal to production since inventories can pile up and go down. A lot of strategic consequences arise, as you can discover playing with the business game.
Software [1900 KB] - Essay
Psychology, Financial Decision Making, and Financial Crises (March 2010)
It is understandable in times of the current financial crisis that people ask how this could happen. Since the market actors appear irrational, it is also understandable that people – lay people and experts alike – believe that psychological factors play a decisive role. This article reviews, evaluates, and discusses psychological research which has the potential of increasing the understanding of both psychological antecedents and consequences of financial crises. It also provide hints for new policies and regulations.
The Performativity of Routines: Theorising the Influence of Artefacts and Distributed Agencies on Routines Dynamics by L. DAdderio
Essay: Submarkets, Industry Dynamics, and the Evolution of the U.S. Laser Industry
Essay: How to tranfer knowledge to SMEs
Guidelines on effective knowledge and technology transfer activities to SMEs in the food sector with particular focus on traditional food manufacturers.
A path-breaking contribution from an original consortium of both trade associations and R&D providers, that delivers a far-reaching approach that should be followed in many further fields to enhance appropriate innovation and diffusion.
Technological paradigm: the new approach to industrial dynamics
The production function of students' grade
A critical introduction to the neoclassical concept of the "production function". To help students understanding the concept and its limitations, the author proposes to take into consideration a particular production process that should be well known to them: the production of grades in an exams after an education course.
Essay - Data spreadsheet
The persistence of innovation
The competitive advantage of firms depends crucially on the firm’s ability to innovate over a long period of time. This essay provides a review of literature on the subject and many new insights.
Essay series: Global value chain: governance and typologies
How Do We Define Value Chains and Production Networks
The Governance of Global Value Chains
Value Chains: An Economist's Perspective
The reference site for Global Value Chains
Interacting heterogeneous agents in finance
Behavioural finance overview (January 2006).
Essay: Survival strategies: innovate or die
To devise new modified versions earlier than expected during the product life cycle can costs you cannibalising your own product but leaves no room to competitors, thus resulting in long-term business success.
Book: Industrial Growth and Competition - The Role of Technology in Firm Success, Industry Evolution, and Regional and National Growth
Prof. Kenneth L. Simons explains in 150 pages all what you need to know about the evolution of new industries, the turnover of corporate leadership, the shakeouts and the industry dynamics linked to concentration, innovation sources, product differentiation. Firm size growth, regional agglomerations of firms, the city dynamics are mapped together with industry evolutionary patterns and evidence about the false myth of the U-Shaped long-run firm cost curve.
Agent-based modelling of house market and price evolution
Deterministic and fuzzy rules for vendor/buyer agents and other human agents, such as marketing agents and financial organisations provide an extremely interesting dynamics of this complex key market. Empirical data are feed into the model and used to test it.
This excellent papers easily introduce the reader into the modelling procedures (e.g. the determination of market sentiment) and opens new ways of great interest.
Innovation science: the point of view of Industrial Engineering
An original view on innovation across several disciplines.
Prof. Andrew Kusiak homepage
A large number of relevant papers by Prof. Kusiak
The Data-Inspired Innovation Model by Andrew Kusiak and Chun-Yu Tang
Estimation of a dynamic discrete choice model of irreversible investment
A dataset of Spanish manufacturing firms provides an important empirical evidence that business investment - at micro level - is infrequent and lumpy.There are periods in which firms decide not to invest and periods of large investment episodes. Rocío Sánchez-Mangas develops and tests consider a dynamic discrete choice model of irreversible investment with a general specification of adjustment including convex and nonconvex components.
Essay [200 KB]
Macroeconomic consequences of lumpy investments can be grasped in this other paper by Dosi, Fagiolo and Roventini.