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Title:A vector-based approach to modeling knowledge in economics PDF Logo
Authors:Sievers, Tim
Issue Date:2005
Series/Report no.:Hamburg contemporary economic discussions 03/2005
Abstract:This paper draws attention to two important characteristics of knowledge which so far have been left unexplored, and proposes a new method to capture them in economic modeling with the help of vectors. The direction of the vector represents the knowledge's complementarity with other knowledge and its norm represents its potential economic value.
Subjects:knowledge
innovation
innovative production
vector representation
complementarity
JEL:C0
O3
ISBN:978-3-940369-05-5
Document Type:Working Paper
Appears in Collections:Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg

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