Summary The contribution of this paper is twofold. First, it presents the results of a “history-friendly” simulation model of evolution of the pharmaceutical industry. Second, it aims at contributing to a more general methodological discussion about agent-based models by proposing an...

Innovation and technological change show different rates, types and trajectories depending on the sector in which they take place. Agents and institutions of a sector all exert a major influence on innovation. With contributions from nineteen experts in their field, this book proposes the...