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| Antonio Lopolito, Piergiuseppe Morone and Richard Taylor |
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| ''An agent-based model approach to innovation niche creation in socio-technical transition pathways'' |
| ( 2011, Vol. 31 No.2 ) |
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| The creation of an innovation niche depends on the interaction of
three mechanisms involving: converging expectations, adequate level of
individual and network power and efficient knowledge creation and
diffusion (Lopolito and Morone, 2010). Such mechanisms define the key
characteristics of a network of firms (i.e. the innovation niche), and
the interaction among them guides the creation and development of a
new technology. In this paper, we propose an agent-based model to
investigate the dynamics characterising such interactions and the role
that policy intervention can have in governing the niche development
process. Specifically, we consider and assess the impact of two policy
actions: (1) increasing actors' expectations towards the new
technology by means of information spreading, and (2) providing
subsidies aimed at stimulating technological switch. Our preliminary
results confirm the importance of policy intervention and show the
complementarity of the two policy measures considered. Hence, a mixed
policy action could serve the purpose of a rapid and stable creation
of an innovation-niche. |
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| Keywords: agent-based model, innovation niche, policy actions |
JEL: O3 - Technological Change; Research and Development: General
L2 - Firm Objectives, Organization, and Behavior: General |
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| Manuscript Received : Feb 21 2011 | | Manuscript Accepted : Jun 17 2011 |
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