Self-organization of knowledge economies

F.D. Lafond

Research output: Working paperProfessional

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Abstract

Suppose that homogenous 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 downward curvature. For infinite population it converges to the Yule-Simon distribution. The power law is steeper when innovation is high. Diffusion follows S-shaped curves.
Original languageEnglish
Place of PublicationMaastricht
PublisherMaastricht University
Number of pages29
Publication statusPublished - 1 Jan 2013

Publication series

SeriesUNU-MERIT Working Papers
Number040

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