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Modeling Industrial Dynamics with Innovative Entrants

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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 appropriability to account for a few empirical stylized facts, including persistent entry and exit, skewed size distributions and turbulence in market shares.

Suggested Citation

  • 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.
    • Handle: RePEc:ssa:lemwps:1999/01
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