Modeling industrial dynamics with innovative entrants
AbstractThe 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 appropriability to account for a few empirical stylized facts, including persistent entry and exit, skewed size distributions and turbulence in market shares.
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Bibliographic InfoArticle provided by Elsevier in its journal Structural Change and Economic Dynamics.
Volume (Year): 11 (2000)
Issue (Month): 3 (September)
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Web page: http://www.elsevier.com/locate/inca/525148
Other versions of this item:
- S.G. Winter & Y.M. Kaniovski & G. Dosi, 1998. "Modeling Industrial Dynamics with Innovative Entrants," Working Papers ir98022, International Institute for Applied Systems Analysis.
- Sydney Winter & Yuri Kaniovski & Giovanni Dosi, 1999. "Modeling Industrial Dynamics with Innovative Entrants," LEM Papers Series 1999/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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