This paper reviews empirical and theoretical work concerning the relationship between innovative activities of firms and the dynamics of industries. Stylized facts on industry evolution and the analysis of industrial dynamics in general are a first building block. This discussion just reflects a...

For given product specifications by two competing firms the demand levels are determined by a randomly generated ideal composition of aspects. Firms can vary some or all aspects of these products, based on information about own (and other's) previous demand. Although the product space is much...

Die außeruniversitären, politikorientierten Forschungsinstitute müssen sich im intensiven Wettbewerb auf drei Feldern behaupten: in der Forschung, in der Politikberatung sowie im Wettbewerb um Finanzen. Die Sieger dieses Wettbewerbs sind auf Dauer die Institute, die in der Lage sind, die...