Modeling Industrial Dynamics with Innovative Entrants

Winter, S.G., Kaniovski, Y.M., & Dosi, G. (1998). Modeling Industrial Dynamics with Innovative Entrants. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-98-022

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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 et al. (1997), it studies both the asymptotic properties of such processes and their finite dynamics 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 Interim Report)
Research Programs: Technological and Economic Dynamics (TED)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:10
Last Modified: 27 Aug 2021 17:16
URI: https://pure.iiasa.ac.at/5626

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