2014/11/08 by Shidong Wang, Wang, Shidong, Renaud Foucart +3
Business, Management and Accounting · Decision Sciences · Economics, Econometrics and Finance · #Business Strategy and Innovation #Entrepreneurship Studies and Influences #FOS: Economics and business #Firm Innovation and Growth #General Economics (econ.GN) #Innovation Diffusion and Forecasting
paper · pdf · doi:10.48550/arxiv.1411.2167
openalex publication_date 2014/11/08 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We provide a theoretical framework to understand when firms may benefit from\nexploiting previously abandoned technologies and brands. We model for the long\nrun process of innovation, allowing for sustainable diversity and comebacks of\nold brands and technologies. We present two extensions to the logistic and\nLotka-Volterra equations, which describe the diffusion of an innovation. First,\nwe extend the short-term competition to a long-term process characterized by a\nsequence of innovations and substitutions. Second, by allowing the\nsubstitutions to be incomplete, we extend the one-dimensional process to a\ntree-form multidimensional one featuring diversification throughout the\nlong-term development.\n