We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often fixed which may lead some growthconscious members to be...

1. Non-equilibrium dynamics in the evolution of industries -- 2. Models of industry dynamics -- 3. A dynamic model of Schumpeterian competition -- 4. Growing an industry in silico -- 5. Shakeouts : limited foresight, technological shocks, and transient industry dynamics -- 6. Industry dynamics...