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Winter, S.G., Kaniovski, Y.M., & Dosi, G. (2003). A baseline model of industry evolution. Journal of Evolutionary Economics 13 (4) 355-383. 10.1007/s00191-003-0163-y.
Full text not available from this repository.Abstract
The paper analyses some general dynamic properties of industries characterized by heterogeneous firms and continuing stochastic entry.
After a brief critical assessment of some significant drawbacks of recent contributions to modeling of stochastic industrial dynamics, we propose a novel analytical apparatus able to derive some generic properties of the underlying competition process combining persistent technological heterogeneity, differential growth of individual firms and turnover. The basic model, we suggest, is indeed applicable with proper modifications to a large class of evolutionary processes, well beyond industrial dynamics.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Evolution; Competition; Stochastic entry; Industrial dynamics; Evolutionary games |
| Research Programs: | Technological and Economic Dynamics (TED) |
| Depositing User: | Romeo Molina |
| Date Deposited: | 17 May 2016 08:19 |
| Last Modified: | 27 Aug 2021 17:26 |
| URI: | https://pure.iiasa.ac.at/13211 |
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