While the scientific community documents environmental degradation and develops
scenarios to identify the operational margins of system Earth, less attention is given to how …

We introduce a model for the emergence of innovations, in which cognitive processes are
described as random walks on the network of links among ideas or concepts, and an …

Evolutionary theories of economic change identify the processes of idiosyncratic learning by
individual firms and of market selection as the two main drivers of the dynamics of industries …

Almost by definition, radical innovations create a need to revise existing classification
systems. In this paper, we argue that classification system changes and patent …

The concept of lock-in can certainly be listed among those weighing most heavily in the
conceptual toolbox used by scholars of innovation and evolutionary economics (Cohendet …

Firms compete for clients, creating distributions of market shares ranging from domination by
a few giant companies to markets in which there are many small firms. These market …

Collaborative knowledge building achieves better results than individual knowledge
building essentially due to the triggering phenomenon taking place among the users in a …

What makes an industry a dominant filiére and a particular technology a so-called general
purpose technology (GPT)? The paper contributes to a microeconomics of vertically related …

We review some of the literature at the intersection of innovation, financial markets, and
economic growth. We explore two key questions:(i) How financial markets interact with …

Based on various factors such as experience, interest, and motivation, users in any system
choose to perform certain activities more than the others. In this study, we investigate a …