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Modeling Industrial Dynamics with Innovative Entrants
S.G.Winter, Y.M.Kaniovski, G.Dosi
IIASA Working Papers.
Май
1998.
ir98022.
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
pro-
cesses and their nite time dynamics to account for a few empirical stylized facts,
including
persistent entry and exit, skewed size distributions and turbulence in market shares.
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