The international economics of resources and resource ... - Index of
The international economics of resources and resource ... - Index of
The international economics of resources and resource ... - Index of
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Multi-agent modeling <strong>of</strong> economic innovation dynamics <strong>and</strong> its implications 331<br />
the emission coefficients for these intermediary commodities follow the same dynamics<br />
as the mean emission coefficient for all final products; in other words, the same<br />
emission coefficient is valid for the total gross production in the sector <strong>and</strong> not only for<br />
the mean <strong>of</strong> innovative products for the consumer market.<br />
<strong>The</strong> total emission in a given time step <strong>and</strong> a given sector <strong>and</strong> <strong>of</strong> the economy can<br />
be determined by taking these four effects into account <strong>and</strong> summing up over all<br />
innovative <strong>and</strong> conventional 18 products:<br />
emiðÞ¼ t<br />
PiðÞ t<br />
emiðt1ÞYi;old þ emi; j Yi; jðÞ t<br />
j¼1<br />
Yi;total<br />
ð15Þ<br />
where Pj(t) denotes the number <strong>of</strong> innovative products in sector i that are on the<br />
market in time step t.<br />
<strong>The</strong> overall emission in the time step <strong>and</strong> sector under consideration then amounts<br />
to:<br />
EmiðÞ¼emi t ðÞXi t ðÞ: t<br />
ð16Þ<br />
Two <strong>of</strong> these effects shall be considered more closely: the type <strong>of</strong> innovation <strong>and</strong><br />
the velocity <strong>of</strong> the diffusion v (a model parameter, cf. section 3 (4)) <strong>of</strong> given<br />
innovations. <strong>The</strong> former is determined by the model parameter M (change factor <strong>of</strong><br />
emission coefficient) which co-determines the emission coefficient for an innovative<br />
product created in time step t: 19<br />
emi;jðÞ¼Memi t ðt1Þ: ð17Þ<br />
In order to illustrate the influence <strong>of</strong> these two crucial parameters, we are going to<br />
analyze the dynamics <strong>of</strong> the emissions for three exemplary cases: (i) the overall<br />
growth case (M>1, v is high), (ii) the case with decreasing emission <strong>and</strong> fast<br />
diffusion (M