The Logic of Imitative Processes: Imitation as Secondary Innovation – an Axiomatic Schumpeterian Analysis
Beata Ciałowicz,Andrzej Malawski +1 more
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In this article, an axiomatic analysis of the imitative activity of producers in a Schumpeterian process of innovative change is presented, and it is shown that increases in the number and variety of second-order innovators can intensify innovative changes throughout the production system.Abstract:
This paper offers an axiomatic analysis of the imitative activity of producers in a Schumpeterian process of innovative change. It argues that structural change in the economy is generated by leaders of radical innovation, whose actions trigger the diffusion of innovations, and whose strategies and innovations can be copied by imitators. As a consequence, these imitators become second-order innovators operating in a production system that is deprived of primary innovators. The paper demonstrates that increases in the number and variety of second-order innovators can intensify innovative changes throughout the production system. Furthermore, this logic can be reconstructed by reference to the research programme on modelling Schumpeterian innovative evolution within the Arrow-Debreu dynamic general equilibrium theory.read more
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The role of imitative mechanisms within the economic evolution
TL;DR: In this article, the authors model and analyse some properties of imitative mechanisms appearing within the economic evolution and prove that under some assumptions equilibrium in the economic system analysed can be obtained as a consequence of either of an innovative or an imitative mechanism.
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The role of destructive mechanisms within economic evolution
Agnieszka Lipieta,Artur Lipieta +1 more
TL;DR: In this article , the Arrow?Debreu model is used to model some mechanisms that may appear within economic evolution, and it is shown that it is possible to design a mechanism that would transform the economic system under consideration toward a state of equilibrium without making the positions of any agents worse off.
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Analiza roli kredytów konsumpcyjnych w procesie dyfuzji innowacji – ujęcie aksjomatyczne
TL;DR: In this paper, a set-theoretical and topological apparatus borrowed from general equilibrium theory and a static model of the Debreu economy with money in the form of a multi-range relational system is employed to formally analyse the role consumer loans play in the process of diffusing innovation.
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