Adaptive dynamics and technological change

Adaptive Dynamics and Technological Change

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The dynamics of technological change in medicine.

This paper contrasts a dynamic and interactive view of technological change with the linear model of medical innovation that is still so deeply ingrained in many policy discussions. In particular, it focuses on the role of feedback mechanisms between the users and the developers of medical technology and the demand and supply forces (including competition among medical specialties) determining ...

Technological Change and Technological Strategy

Technological change, population dynamics, and natural resource depletion

How does technological change affect the depletion of non-renewable natural resources? We argue that to answer this question it is necessary to account for the interaction between skill-biased technological change, population dynamics and their effects on natural resource use. Skill-biased technolgical change leads in a non-malthusian world to a decline in the long-run growth rate of the popula...

Uncertainty and Technological Change

I would like to begin with two generally accepted propositions: First, technological change is a major ingredient of long-term economic growth, and second, technological change is characterized by a high degree of uncertainty. Understanding the nature of these uncertainties and the obstacles to surmounting them is not a trivial matter. Rather, it goes to the heart of how new technologies are de...