Modeling Industrial Dynamics with Innovative Entrants

Sidney Winter (), Y.M. Kaniovski and Giovanni Dosi

Working Papers from International Institute for Applied Systems Analysis

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

Date: 1998-05
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Related works:
Chapter: Modeling Industrial Dynamics with Innovative Entrants (2000)
Journal Article: Modeling industrial dynamics with innovative entrants (2000)
Working Paper: Modeling Industrial Dynamics with Innovative Entrants (1999)
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