A theoretical model of recursive innovation suggests that new technologies are recursively built up from new combinations of existing ones.
The distribution of product complexity helps explain why some technology sectors tend to exhibit faster innovation rates than others.
How well do experience curves predict technological progress? A method for making distributional forecasts
We presented a method to test the accuracy and validity of experience curve forecasts.
The usefulness of components and the complexity of products inform the best strategy for innovation at different stages of the process.
In systems of innovation, the relative usefulness of different components changes as the number of components we possess increases.
Firms can harness the shifting importance of component building blocks to build better products and services.
Predicting the evolution of technology allow us to make better investments and policies.
Simulations for 106 periods, using different social networks.