In this work we use a proven model to study a dynamic duopolistic competition between an old and a new technology which, through improved technical performance - e.g. data transmission capacity - fight in order to conquer market share. The process whereby an old technology fights a new one off through own improvements has been named 'sailing-ship effect'. In the simulations proposed, intentional improvements of both the old and the new technology are affected by the values of three key parameters: one scientific-technological, one purely technological and the third purely economic. The interaction between these components gives rise to different outcomes in terms of prevalence of one technology over the other.
- Pub Date:
- December 2019
- Physics - Physics and Society;
- Nonlinear Sciences - Adaptation and Self-Organizing Systems;
- Quantitative Finance - General Finance
- Soft Comput (2019), published online December 21