haku: @author Vega-Redondo, F. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Vega-Redondo, F. |
| Otsikko: | Technological change and market structure: an evolutionary approach |
| Lehti: | International Journal of Industrial Organization
1996 : VOL. 14:2, p. 203-226 |
| Asiasana: | TECHNOLOGY CHANGE MARKET STRUCTURE |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates an inter-temporal market context in which firms innovate, imitate, and compete in quantities and technological choices each period. Potential entrants enter if there are profitable opportunities; incumbent firms exist when they go bankrupt. The key aspect of the model is that technological change evolves along a directed graph. This graph reflects both the direction of technological change and the magnitude of costs involved in switching technologies. In this set-up, the author's main concern is to explore the implications of different technological structures on entry-exit dynamics and on the evolution of market characteristics. |
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