Abstract
There is a general sense of urgency that major technological transitions
are required for sustainable development. Such transitions are best perceived
as involving multiple transition steps along a transition path. Due to the
path dependent and irreversible nature of innovation in complex technologies,
an initial transition step along some preferred path may cut off paths that later
may turn out to be more desirable. For these reasons, initial transition steps
should allow for future flexibility, where we define flexibility as robustness
regarding changing evidence and changing preferences. We propose a technology
assessment methodology based on rugged fitness landscapes, which
identifies the flexibility of initial transition steps in complex technologies. We
illustrate our methodology by an empirical application to 2,646 possible future
car systems.
| Original language | English |
|---|---|
| Pages (from-to) | 527-543 |
| Number of pages | 17 |
| Journal | Journal of Evolutionary Economics |
| Volume | 19 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - Aug 2009 |