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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
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
A fundamental problem in the field of the economics of innovation is how to explain the sources of path … problem by developing the theoretical framework of global leadership-driven innovation, which endeavors to explain the general …
Persistent link: https://www.econbiz.de/10013018860
environmental change, in this second article about the deep origins of innovation we focus on the transfer of novelty by cultural …. This working paper is the second of three papers into the Deep Origin of Innovation. It is based on the case study … ’Discovery of Innovation, Historic (R)evolutions in Perpective.’ …
Persistent link: https://www.econbiz.de/10013225102
This article adopts a marketing perspective to examine how blockchain technology can facilitate innovation by …
Persistent link: https://www.econbiz.de/10014226110