Modeling Industrial Dynamics with Innovative Entrants

Sidney Winter (), Yuri (Yuriy) Kaniovski (Kaniovskyi) () and Giovanni Dosi

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

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.

Keywords: evolution; competition; learning; stochastic entry; entrepreneurial start-ups; expanding set of technological opportunities; industrial dynamics (search for similar items in EconPapers)
Date: 1999-11-11
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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 (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:1999/01

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