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...

"Over the past few years the situation on the international labour markets has changed dramatically. While countries such as the United States or Great Britain are being affected by increasing wage differentials, the unemployment figures in most continental European countries are on the rise. In...

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...