Share This Article:

Evolutionary Gaming Analysis of Path Dependence in Green Construction Technology Change

Abstract Full-Text HTML Download Download as PDF (Size:217KB) PP. 193-197
DOI: 10.4236/ib.2012.43024    3,304 Downloads   4,841 Views   Citations

ABSTRACT

In the context of instigating green construction technology by changing current technology practices, evolutionary game theory is used to solve path dependence problems that yield stable equilibrium. Replicating dynamic gaming shows that in inducing technological change some problems concerning multiple equilibrium definitely exist and that profit is the prime motivation to use or supply new technology. The model also shows that a lock-in of a current tech-nology can be broken as a consequence of players’ studies.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

X. Zhang, C. Shuai, P. Gong and H. Sun, "Evolutionary Gaming Analysis of Path Dependence in Green Construction Technology Change," iBusiness, Vol. 4 No. 3, 2012, pp. 193-197. doi: 10.4236/ib.2012.43024.

References

[1] X. F. Zhang, “A New Challenge in Construction Management—The Sustainable Development,” Resource, Environment and Projection, Vol. 9, 2004, pp. 88-91.
[2] H. P. Young, “The Evolution of Conventions,” Econometrica, Vol. 61, No. 1, 1993, pp. 57-84.
[3] W. B. Arthur, “Competing Technologies, Increasing Returns and Lock-In by Historical Events,” The Economic Journal, Vol. 99, 1989, pp. 116-131.
[4] W. B. Arthur, “Increasing Returns and Path Dependence in the Economy,” University of Michigan Press, Ann Arbor, 1994.
[5] P. A. David, “Clio and the Economics of Qwerty,” American Economic Review, Vol. 75, 1985, pp. 332-337.
[6] P. A. David, “Some New Standards for the Economics of Standardisation in the Information Age,” In: P. Dasgupta and P. Stoneman, Eds., Economic Policy and Technological Performance, Cambridge University Press, Cambridge, 1987. doi:10.1017/CBO9780511559938.010
[7] S. Leibowitz and S. Margolis, “The Fable of the Keys,” Journal of Law & Economics, Vol. 33, No. 1, 1990, pp. 1-25. doi:10.1086/467198
[8] S. Leibowitz and S. Margolis, “Network Externality: An Uncommon Tragedy,” Journal of Economic Perspectives, Vol. 8, No. 2, 1994, pp. 133-150. doi:10.1257/jep.8.2.133

  
comments powered by Disqus

Copyright © 2019 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.