Self-organization of knowledge economies

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2015
Volume: 52
Issue: C
Pages: 150-165

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Suppose that homogeneous agents fully consume their time to invent new ideas and learn ideas from their friends. If the social network is complete and agents pick friends and ideas of friends uniformly at random, the distribution of ideas׳ popularity is an extension of the Yule–Simon distribution. It has a power-law tail, with an upward or a downward curvature. For infinite population it converges to the Yule–Simon distribution. The power law is steeper when innovation is high. Diffusion follows logistic curves.

Technical Details

RePEc Handle
repec:eee:dyncon:v:52:y:2015:i:c:p:150-165
Journal Field
Macro
Author Count
1
Added to Database
2026-01-25