A Baseline Model of Industry Evolution

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

Working Papers from International Institute for Applied Systems Analysis

Abstract: The paper analyses the properties and outcomes of competitive dynamics in industries characterized by heterogeneous firms and continuing stochastic entry. A formal analytical apparatus is developed, able to derive some generic properties of the underlying competition process combining persistent technological heterogeneity, differential growth of individual firms and turnover.

Date: 1997-03
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Related works:
Journal Article: A baseline model of industry evolution (2003)
Working Paper: A Baseline Model of Industry Evolution (2003)
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