Afficher la notice abrégée

Live fast, die young? Investigating product life spans and obsolescence in an agent-based model

dc.rights.licenseopenen_US
hal.structure.identifierGroupe de Recherche en Economie Théorique et Appliquée [GREThA]
dc.contributor.authorBROUILLAT, Eric
IDREF: 132431777
dc.date.accessioned2020-02-20T12:50:12Z
dc.date.available2020-02-20T12:50:12Z
dc.date.issued2014
dc.identifier.issn0936-9937en_US
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/3631
dc.description.abstractEnhis article presents an agent-based simulation model that explores the dynamics of product life spans. The objective of this modeling exercise is to investigate the interplay between technological change and product life span in extended industrial dynamics. Change in product characteristics is driven by an endogenous stochastic process relying on the interplays between heterogeneous consumers and firms. Special attention is paid to demand-side modeling, which allows analyzing more thoroughly how decisions of bounded rational consumers affect the dynamics of the system. Although most existing models on product life span investigate durable goods monopolists, our study highlights the notion that diversity matters. Diversity of supply and demand in a bounded rationality context can push firms to market products with longer life spans, but their diffusion is restrained by the sensitivity of consumers to product obsolescence and their willingness to pay for longer-lasting products. The dynamics of consumer preferences influenced by firm marketing activities tend to maintain this situation which contributes to locking the market into short product-life trends. Unlocking the system requires changes in consumer behavior and better information about product life span and cost per use for consumers.
dc.language.isoENen_US
dc.subject.enIndustrial dynamics
dc.subject.enAgent-based modeling
dc.subject.enObsolescence
dc.subject.enProduct durability
dc.subject.enProduct life spans
dc.subject.enSustainable consumption
dc.title.enLive fast, die young? Investigating product life spans and obsolescence in an agent-based model
dc.typeArticle de revueen_US
dc.identifier.doi10.1007/s00191-014-0385-1en_US
dc.subject.halEconomie et finance quantitative [q-fin]en_US
dc.subject.halÉconomie et finance quantitative [q-fin]
dc.subject.jelO - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O33 - Technological Change: Choices and Consequences; Diffusion Processesen_US
dc.subject.jelD - Microeconomics::D1 - Household Behavior and Family Economics::D11 - Consumer Economics: Theoryen_US
dc.subject.jelD - Microeconomics::D2 - Production and Organizations::D21 - Firm Behavior: Theoryen_US
dc.subject.jelQ - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q57 - Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecologyen_US
bordeaux.journalJournal of Evolutionary Economicsen_US
bordeaux.page447-473en_US
bordeaux.volume25en_US
bordeaux.hal.laboratoriesGroupe de Recherche en Economie Théorique et Appliquée (GREThA) - UMR 5113en_US
bordeaux.issue2en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
hal.identifierhal-03124839
hal.version1
hal.date.transferred2021-01-29T08:20:02Z
hal.exporttrue
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Journal%20of%20Evolutionary%20Economics&rft.date=2014&rft.volume=25&rft.issue=2&rft.spage=447-473&rft.epage=447-473&rft.eissn=0936-9937&rft.issn=0936-9937&rft.au=BROUILLAT,%20Eric&rft.genre=article


Fichier(s) constituant ce document

FichiersTailleFormatVue

Il n'y a pas de fichiers associés à ce document.

Ce document figure dans la(les) collection(s) suivante(s)

Afficher la notice abrégée