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Title:	Social interactions and innovation: Simulation based on an agent-based modular economy
Authors:	Chie, B.-T.;Chen, S.-H. 陳樹衡
Contributors:	經濟系
Date:	2010
Issue Date:	2015-05-21 15:10:55 (UTC+8)
Abstract:	Using an agent-based modular economic model, we study the effect of social interactions on product innovation and its further impact on competitiveness dynamics. Two firms with different intensities of social interactions are placed in a context of duopolistic competition. The macroscopic analysis based on various criteria, including the market share, profit rate, accumulated capital, waste ratio and consumers` satisfaction level, indicates that high social interaction within the firm can lead to not only a healthy firm but also a healthy economy. However, this positive result is undermined by the catastrophic nature of the modular economy as shown in the microscopic analysis. Furthermore, the mesoscopic analysis shows that in the long run the duopoly market tends to become a monopolistic market, and there is a non-trivial probability that the low-interaction firm will drive out the highinteraction firm. The risk of innovation in this model may be greater than what the usual economic model may expect. © Springer-Verlag Berlin Heidelberg 2010.
Relation:	Lecture Notes in Economics and Mathematical Systems, Volume 645, Pages 127-138
Data Type:	book/chapter
DOI 連結:	http://dx.doi.org/10.1007/978-3-642-13947-5_11
DOI:	10.1007/978-3-642-13947-5_11
Appears in Collections:	[經濟學系] 專書/專書篇章

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