Modeling Industrial Dynamics with Innovative Entrants

Winter SG, Kaniovski YM, & Dosi G (2000). Modeling Industrial Dynamics with Innovative Entrants. IIASA Research Report (Reprint). IIASA, Laxenburg, Austria: RR-01-003. Reprinted from Structural Change and Economic Dynamics, 11:255-293 [2000].

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The paper analyses 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, IIASA], 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: Monograph (IIASA Research Report (Reprint))
Research Programs: Dynamic Systems (DYN)
Bibliographic Reference: Reprinted from Structural Change and Economic Dynamics; 11:255-293 [2000]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:12
Last Modified: 19 Jul 2016 07:11

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