Threshold models of technological transitions

Paolo Zeppini, Koen Frenken and Roland Kupers

No 13-06, Working Papers from Eindhoven Center for Innovation Studies

Abstract: We present a systematic review of seven threshold models of technological transitions from physics, biology, economics and sociology. The very same phenomenon of a technological transition can be explained by very different logics, ranging from economic explanations based on price, performance and increasing returns to alternative explanations based on word-of-mouth recommendation, convergence of expectations, or social mimicking behaviour. Our review serves as a menu for future modelling exercises that can take one or more elementary transition models as a basis, and extend these model to fit more specific sectoral, technological or territorial contexts.

Keywords: threshold models; technological transitions (search for similar items in EconPapers)
Date: 2013-08, Revised 2013-08
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ein:tuecis:1306

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