Titlebook: An Agent-Based Model of Heterogeneous Demand; Matthias Müller Book 2017 Springer Fachmedien Wiesbaden GmbH 2017 Innovation.Networks.Simula

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spective on the innovation process, proving that the demand side and consumers are important drivers of innovation, which must be included in future research for a full picture. .978-3-658-18721-7978-3-658-18722-4

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Book 2017 analyzes the versatile mutual relationships between consumers and producers within the innovation process. Instead of oversimplifying the demand side, the book aims to apply important aspects which too often are only applied to the supply side, e.g., the heterogeneity and bounded rationality of eco

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The New Agent-Based Paradigm in Economics,the role of demand for innovation processes. However, it also makes high demands for the modelling framework used. This chapter describes agent-based modelling (hereafter ABM) and its particular role for the scientific endeavour.

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An ABM of Heterogeneous Consumers and Demand,model. This baseline model shows the implications of introducing heterogeneous consumers with heterogeneous demand into the analysis of innovation. Hereby, we aim at creating a computational framework which can display both, the heterogeneity of the demand as well as the supply side and their effect

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Networks of Heterogeneous Agents,of innovation processes. However, the baseline model shown in chapter 4 still over simplifies the capabilities and the behaviour of consumers in various ways. Following the idea of . (see also chapter 2.2) we have to look at the social and economic interactions within the populations of heterogeneou

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Discussion and Further Research Avenues,as got so little attention. In the tradition of Schumpeter, today’s research focus of evolutionary and neo-Schumpeterian economists still lies on the supply side and, thus, on firms. At the very heart of evolutionary economics lies the abandonment of restrictive assumptions and equilibrium oriented