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understanding of the linkages between product architecture, innovation, and industry structure we develop detailed product …. We add three critical aspects tothe theory that connects technological change and industry dynamics. First, we … firmboundary choice can also be a pre-condition of the origin of architectural innovation, not only anoutcome of efficiency …
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This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term...
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