Innovation, Evolution and Complexity Theory - 9781843761976

Innovation, Evolution and Complexity TheoryAuthor(s): Koen Frenken\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781843761976, 978-1843761976\nSynopsis\nThe motivation behind this book is the desire to integrate complexity theory into economic models of technological evolution. By means of developing an evolutionary model of complex technological systems, the book contributes to the neo-Schumpetarian literature on innovation, diffusion and technological [url] advances in complexity theory provide a new understanding of technological innovation and complex problem-solving. This book offers an approach based on Stuart Kauffman's NK-model of complex systems to better understand and analyse search strategies that firms apply to develop new technologies. The models deal with a range of topics including bounded rationality, myopia, decomposability, modularity and the emergence of technological paradigms. Empirical.