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History friendly models: retrospective and future perspectives

Gianluca Capone (), Franco Malerba, Richard R. Nelson, Luigi Orsenigo and Sidney G. Winter
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Gianluca Capone: University of Pisa
Franco Malerba: ICRIOS, Bocconi University
Richard R. Nelson: Columbia University
Luigi Orsenigo: ICRIOS, Bocconi University
Sidney G. Winter: University of Pennsylvania

Eurasian Business Review, 2019, vol. 9, issue 1, 1-23

Abstract: Abstract Twenty years ago, we introduced the history friendly modeling approach to formally study industrial dynamics. In this paper, we look retrospectively at the results that the history friendly literature has achieved so far and what are the challenges ahead of us. We present the main principles, methods, and building blocks of the approach, and then we illustrate it through two applications. The first one investigates the impact of entry in the mainframes segment of the computer industry. The second application studies the effect of different industrial policies in uncertain technological environments.

Keywords: History friendly models; Industry evolution; Computer industry; Pharmaceutical industry; Entry; Industrial policy (search for similar items in EconPapers)
Date: 2019
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