Innovative activity as factor of instability in a monetary economy production

The paper deals with a scheme of technological diffusion of an industry, which purchases technology from other industries (tech taker industry), with three available groups of technologies, defined as standard, incremental and radical technologies. The starting point is a critique to the traditional diffusion models, with respetc the logistic representation of diffusion patterns and the role that the firm’s financial structure (defined as monetary finance conditions to the innovative activity) plays in determining the innovative strategies and the characteristics of the diffusion patterns. In our scheme the changing environment influences diffusion patterns for what concerns both the possibility of failures in innovative activity and changes in the monetary conditions which affect the firms’ investements decisions and strategies. Through a simulation dynamic process, it will be shown that : l. existence of technological feed-backs leads to phenomena of non-saturation in logistic curves of diffusion. In this case, the canonical logistic curve with saturation condition is not the best way to describe diffusion patterns; 2. changes in values of cost-monetary parameters lead to an unstable dynamics of diffusion patterns if tech-makers markets present increasing level of price-rigidity.