Heterogeneity of demand and product innovation

This paper discusses the relationship between heterogeneity of demand regarding choice procedures and product innovation. We propose an evolutionary model showing how consumers with imperfect information chose and select differentiated goods. The model shows the role of information and choice proce...

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Autores principales:	Thiago Caliari, Ricardo Machado Ruiz, Marco Valente
Formato:	article
Lenguaje:	EN PT
Publicado:	Universidade de São Paulo 2017
Materias:	demand information heterogeneity innovation evolutionary model Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/7af7131bc054403cb82950c736e2e576
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id	oai:doaj.org-article:7af7131bc054403cb82950c736e2e576
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spelling	oai:doaj.org-article:7af7131bc054403cb82950c736e2e5762021-11-24T16:02:56ZHeterogeneity of demand and product innovation0101-41611980-5357https://doaj.org/article/7af7131bc054403cb82950c736e2e5762017-03-01T00:00:00Zhttps://www.revistas.usp.br/ee/article/view/107435https://doaj.org/toc/0101-4161https://doaj.org/toc/1980-5357 This paper discusses the relationship between heterogeneity of demand regarding choice procedures and product innovation. We propose an evolutionary model showing how consumers with imperfect information chose and select differentiated goods. The model shows the role of information and choice procedures and its relation with the innovative process. The price plays an important role, but the quality of information, error tolerance and criteria for preference ordering are important determinants of the performance of firms in an industry with product innovation. Thiago CaliariRicardo Machado RuizMarco ValenteUniversidade de São Pauloarticledemandinformationheterogeneityinnovationevolutionary modelEconomics as a scienceHB71-74ENPTEstudos Econômicos, Vol 47, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	demand information heterogeneity innovation evolutionary model Economics as a science HB71-74
spellingShingle	demand information heterogeneity innovation evolutionary model Economics as a science HB71-74 Thiago Caliari Ricardo Machado Ruiz Marco Valente Heterogeneity of demand and product innovation
description	This paper discusses the relationship between heterogeneity of demand regarding choice procedures and product innovation. We propose an evolutionary model showing how consumers with imperfect information chose and select differentiated goods. The model shows the role of information and choice procedures and its relation with the innovative process. The price plays an important role, but the quality of information, error tolerance and criteria for preference ordering are important determinants of the performance of firms in an industry with product innovation.
format	article
author	Thiago Caliari Ricardo Machado Ruiz Marco Valente
author_facet	Thiago Caliari Ricardo Machado Ruiz Marco Valente
author_sort	Thiago Caliari
title	Heterogeneity of demand and product innovation
title_short	Heterogeneity of demand and product innovation
title_full	Heterogeneity of demand and product innovation
title_fullStr	Heterogeneity of demand and product innovation
title_full_unstemmed	Heterogeneity of demand and product innovation
title_sort	heterogeneity of demand and product innovation
publisher	Universidade de São Paulo
publishDate	2017
url	https://doaj.org/article/7af7131bc054403cb82950c736e2e576
work_keys_str_mv	AT thiagocaliari heterogeneityofdemandandproductinnovation AT ricardomachadoruiz heterogeneityofdemandandproductinnovation AT marcovalente heterogeneityofdemandandproductinnovation
_version_	1718414936524193792

Heterogeneity of demand and product innovation

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