Modeling industrial dynamics with innovative entrants

Winter SG, Kaniovski YM, & Dosi G (2000). Modeling industrial dynamics with innovative entrants. Structural Change and Economic Dynamics 11 (3): 255-293. DOI:10.1016/S0954-349X(99)00010-7.

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Abstract

The paper analyzes some generic features of industrial dynamics whereby innovative change is carried, stochastically, by new entrants. Relying on the formal representation suggested in Winter, S.G., Kaniovski, Y.M., Dosi, G., 1997. A Baseline Model of Industry Evolution. [Interim Report IR-97-013/March, International Institute for Applied Systems Analysis, Laxenburg, Austria], it studies both the asymptotic properties of such processes and their appropriability to account for a few empirical stylized facts, including persistent entry and exit, skewed size distributions and turbulence in market shares.

Item Type: Article
Uncontrolled Keywords: Evolution; Competition; Learning; Stochastic entry; Entrepreneurial startups; Expanding set of technological opportunities; Industrial dynamics
Research Programs: Dynamic Systems (DYN)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:11
Last Modified: 29 Aug 2016 14:00
URI: http://pure.iiasa.ac.at/5964

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