Competition and Complementarity in Diffusion: The Case of Octane

Ayres R & Ezekoye I (1991). Competition and Complementarity in Diffusion: The Case of Octane. In: Diffusion of Technologies and Social Behavior. Eds. Nakicenovic, N. & Grubler, A., pp. 433-450 Berlin/Heidelberg, Germany: Springer. ISBN 978-3-662-02702-8 DOI:10.1007/978-3-662-02700-4_17.

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Abstract

The standard ontogenic (life-cycle) model of technological evolution can be characterized briefly as follows (Ayres, 1987): (1) a radical invention (birth) creates a new technology; (2) it is commercialized on the basis of performance and rapidly developed by a series of improvements and modifications (infancy); (3) it is successful enough in the marketplace to attract many variants and imitators who hope to exploit a growing market (adolescence); (4) the pace of technological change finally slows down enough to permit standardization and exploitation of economies of scale, and competition on the basis of price rather than performance (maturity); and finally a new and better technology supplants it (senescence).

Item Type: Book Section
Research Programs: Technology, Economy, Society (TES)
Depositing User: Michaela Rossini
Date Deposited: 05 Apr 2016 11:22
Last Modified: 05 Apr 2016 11:24
URI: http://pure.iiasa.ac.at/12437

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