Schumpeterian competition in heterogeneous oligopolies (*)

Bernd Meyer, Carolin Vogt and Kamp Rainer Vo
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Bernd Meyer: Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany
Carolin Vogt: Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany
Kamp Rainer Vo: Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany
Authors registered in the RePEc Author Service: Rainer Vosskamp

Journal of Evolutionary Economics, 1996, vol. 6, issue 4, 423 pages

Abstract: The modeling of Schumpeterian competition as a process of innovation, imitation and selection was first presented by Nelson/Winter (1982) in a simulation study and further analyzed in a similar but general analytical formulation by Iwai (1984a, 1984b). Their results concerning the relations between the combination of the different forces of Schumpeterian competition and market structure respectively the distributions of profits are interesting, but restricted to competitive markets. Comparing rules of thumb and satisficing for the Ramp;D decisions the present study analyzes the process of Schumpeterian competition in a heterogeneous oligopoly. Firstly, the authors find for the Ramp;D-concentration relation results contrary to the traditional interpretation of Schumpeter. Secondly, Iwai's (1984a, 1984b) qualitative results hold in this less restrictive modeling.

Keywords: Evolutionary economics; Schumpeterian competition; Innovation; Oligopoly (search for similar items in EconPapers)
JEL-codes: L13 O31 (search for similar items in EconPapers)
Date: 1996
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