The Development of Price Models for Innovated-technology Products with Introduction of Time Variable

摘要

The supply and demand of innovated-techno]ogy prod ucts has a clear feature of effectiveness for a given period of time,and thus,studying the equilibrium price at a particular point of time is meaningless. Besides,the market structure of innovated-technology products alternates in monopolistic or competitive market,it is unreasonable to analyze the price problem in the fixed market structure. The article studies the changes of demand of innovated-technology products caused by technology advance and the characteristics of market supply of innovated technology products manufactured by small and largesized enterprises in technology diffusion. It also analyzes development patterns of price of innovated-technology products in accordance with the method of time sequence by introducing time variable into the equilibrium price model. The article probes into the life cycle of innovatedtechnology products and other issues on the basis of the above analyses.