Knowledge Based Economy (1.0.0)

Knowledge Based Economy (KBE) is an artificial economy where firms placed in geographical space develop original knowledge, imitate one another and eventually recombine pieces of knowledge. In KBE, consumer value arises from the capability of certain pieces of knowledge to bridge between existing items (e.g., Steve Jobs illustrated the first smartphone explaining that you could make a call with it, but also listen to music and navigate the Internet). Since KBE includes a mechanism for the generation of value, it works without utility functions and does not need to model market exchanges.

Release Notes

There are still sections that do not work.

Associated Publications

Boari C, Fioretti G, Odorici V (2010) Rivalry and Learning Among Clustered and Isolated Firms. In E. Mollona (Ed.): Computational Analysis of Firms’ Organization and Strategic Behaviour. New York, Routledge.
DOI: https://doi.org/10.4324/9780203850091

Boari C, Fioretti G, Odorici V (2017) A Model of Innovation and Knowledge Development Among Boundedly Rational Rival Firms. Team Performance Management, 23 (1-2): 82-95.
DOI: https://doi.org/10.1108/TPM-10-2015-0050

Boari C, Fioretti G, Odorici V (2021) Identifying Rivals among Clustered and Isolated Firms. Nonlinear Dynamics, Psychology and Life Sciences, forthcoming.