History-Friendly Modeling: An Evolutionary Tool for Strategy Research

Gianluca Capone () and Daitian Li ()
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Gianluca Capone: Department of Economics and Management, University of Parma, 43125 Parma, Italy; Invernizzi Center for Research on Innovation, Organization, Strategy and Entrepreneurship, Bocconi University, 20136 Milan, Italy
Daitian Li: School of Management and Economics, University of Electronic Science and Technology of China, 611731 Chengdu, China

Strategy Science, 2021, vol. 6, issue 4, 436-443

Abstract: History-friendly models have been increasingly adopted to study innovation and industry evolution, the catch-up of latecomer firms and countries, and public policies. However, they have been used less in the field of strategic management. In this article, we first provide a review of the history-friendly literature, identifying its intellectual roots in evolutionary economics. Then, we discuss three possible motivations that could explain the history-friendly paradox. Finally, we propose history-friendly models as a promising tool to study current research questions in strategy.

Keywords: evolutionary economics; history-friendly model; simulations; strategy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orstsc:v:6:y:2021:i:4:p:436-443

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