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Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interaction with sub … society. This study explains evolution of technology with two different approaches: theories based on processes of competitive … substitution of a new technology for the old one and theories considering a multi-mode interaction between technologies, such as …
Persistent link: https://www.econbiz.de/10012866127
The fundamental problem in the field of technology studies is how technology evolves and sustains economic change in … technology in human societies. Technological host-parasites coevolution is a mutual symbiotic relationship between a host … technology and associated technologies directed to satisfy needs and/or to solve problems of human beings. To explore the …
Persistent link: https://www.econbiz.de/10014032744
Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...
Persistent link: https://www.econbiz.de/10003893132
Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...
Persistent link: https://www.econbiz.de/10009511156
On the temperature derivative market, modeling temperature volatility is an important issue for pricing and hedging. In order to apply pricing tools of financial mathematics, one needs to isolate a Gaussian risk factor. A conventional model for temperature dynamics is a stochastic model with...
Persistent link: https://www.econbiz.de/10008772624
Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...
Persistent link: https://www.econbiz.de/10010270731
On the temperature derivative market, modeling temperature volatility is an important issue for pricing and hedging. In order to apply pricing tools of financial mathematics, one needs to isolate a Gaussian risk factor. A conventional model for temperature dynamics is a stochastic model with...
Persistent link: https://www.econbiz.de/10010281518
Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...
Persistent link: https://www.econbiz.de/10010281602
evolutionary processes in economies. The relationship between technology and the social rules and norms that coordinate the …'s conceptualizations of social rules and norms, in particular when it comes to evolutionary processes and innovation dynamics. …
Persistent link: https://www.econbiz.de/10014230890
Understanding the factors affecting the direction of innovation is a central aim of research in the economics and … strategic management of innovation. Progress on this topic has been inhibited by difficulties in measuring the location and … movement of innovation in ideas space. To date, most efforts at measuring the direction of innovation rely on curated …
Persistent link: https://www.econbiz.de/10012834632