Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Comparative Analysis of Mechanisms of Schumpeterian Evolution
Journal of Entrepreneurship, Management and Innovation Pub Date : 2018-01-01 , DOI: 10.7341/20181411
Agnieszka Lipieta , Andrzej Malawski

The paper extends the research program of modeling the Schumpeterian vision of innovative development in the framework of the Arrow-Debreu theory of general equilibrium. To study changes in the production sector, as well as in the whole economy, the concept of extension of the systems under study is introduced. It enables us to model the mechanisms of Schumpeterian evolution in the conceptual apparatus of Hurwicz’s theory of economic mechanisms. The paper is aimed at expanding our previous studies into two new directions. First, we establish the conditions sufficient for improving positions of various groups of agents such as producers, innovators, consumers, etc., under the price or qualitative mechanism regime. Second, to compare mechanisms of Schumpeterian evolution, we respect the logic of this process which is determined by innovative, as well as adaptive, equilibrium changes in the evolving economy under consideration. Consequently, we formulate two different criteria in our comparative analysis based, on the one hand, on the index of the distance between two innovative extensions of the given economic system and, on the other hand, on the increase in wealth of the given set of agents. The motivations of innovators, and the reason for which innovations are adopted into the producers’ and consumers’ plans of action, are also precisely explained in the paper. The results of our theoretical research can be useful in economic analyses, among others, in the case of the lack of the sufficient access to statistical data. Due to both the formal conceptual apparatus of the general equilibrium theory and Hurwicz’s approach to the problem of designing economic mechanisms, the paper takes the form of an axiomatic deductive system of mathematical theorems interpreted in the language of economics.

中文翻译:

熊彼特进化机制的比较分析

本文扩展了在一般均衡的Arrow-Debreu理论框架内对熊彼特式创新发展愿景进行建模的研究程序。为了研究生产部门以及整个经济的变化,引入了所研究系统的扩展概念。它使我们能够在Hurwicz经济机制理论的概念工具中对熊彼特式的演化机制进行建模。本文旨在将我们以前的研究扩展到两个新方向。首先,我们建立了在价格或质量机制机制下足以提高生产者,创新者,消费者等各种代理商群体条件的条件。其次,为了比较熊彼特式进化的机制,我们尊重这一过程的逻辑,该逻辑是由创新,以及正在发展的经济中的适应性均衡变化。因此,我们在比较分析中制定了两个不同的标准,一方面基于给定经济体系的两次创新扩展之间的距离指数,另一方面基于给定的一组财富的增加代理商。本文还精确地解释了创新者的动机,以及在生产者和消费者的行动计划中采用创新的原因。我们的理论研究结果可能在缺乏足够的统计数据访问的情况下,可用于经济分析。由于既有一般均衡理论的形式概念工具,又有Hurwicz解决经济机制问题的方法,
更新日期:2018-01-01
down
wechat
bug