The Role of Design Complexity in Technology Improvement

We study a simple model for the evolution of the cost (or more generally the performance) of a technology or production process. The technology can be decomposed into n components, each of which interacts with a cluster of d - 1 other components. Innovation occurs through a series of trial-and-error...

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Bibliographic Details
Main Authors: McNerney, James M., Farmer, J. Doyne, Redner, Sidney, Trancik, Jessika E.
Other Authors: Massachusetts Institute of Technology. Engineering Systems Division
Format: Article
Language:en_US
Published: National Academy of Sciences (U.S.) 2011
Online Access:http://hdl.handle.net/1721.1/67448
https://orcid.org/0000-0001-6305-2105