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Innovation and Strategic Sabotage as A Feedback Process
Oleh:
Baumol, William J.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 4 no. 4 (1992)
,
page 275-290.
Topik:
innovation
;
innovation
;
strategic sabotage
;
feedback process
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This article views the process of innovation and sabotage as an extended game, or as a feedback process, in which one step leads to another, and which generates an intertemporal trajectory whose qualitative properties can be examined with the aid of the standard tools of economic dynamics. We will see that this feedback relationship can entail systematic oscillatory behaviour, in which periods of substantial innovative activity are interspersed with slowdowns in the innovation process. A formal illustrative model, demonstrating that such an oscillatory time path can indeed emerge, and indicating how it can occur, also proves that chaotic behaviour can, at least in theory, emerge.
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