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| Author: | Malerba, F. Orsenigo, L. |
| Title: | Innovation and market structure in the dynamics of the pharmaceutical industry and biotechnology: towards a history-friendly model |
| Journal: | Industrial and Corporate Change
2002 : AUG, VOL. 11:4, p. 667-703 |
| Index terms: | Bio-technology Industrial dynamics Innovation Market structure Pharmaceutical industry |
| Language: | eng |
| Abstract: | This paper is a first attempt at modelling the long-term dynamics of market structure and innovation in the pharmaceutical industry in a history-friendly way. The model examines the relationships between the nature of the search space, demand, the patterns of competition, and industry evolution in the age of random screening and in the age of molecular biology, and shows that concentration in the pharmaceutical industry is shaped by lack of cumulativeness in innovative activities and market fragmentation. |
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