| Sumario: | The article focuses on the economic impact of technological change and standardization at the industry level. Technological change can lead to the development of macroeconomic structures and institutions such as corporations, political regulatory structures, and growth rates, as well as the accumulation and structure of capital. An agent-based model that uses distributed artificial intelligence concepts indicates there is a paradox in the increasing returns and lock-in conceptualization. Topics include the role of preference evolution on technological change, technology diffusion modeling, neoclassical transition models, and industrial characteristics.
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