Human-subject market experiments have established in a wide variety of environments that the Continuous Double Auction (CDA) guarantees the maximum efficiency (100 percent) and the transaction prices converge quickly to the competitive equilibrium price. Since in human-subject experiments we can...

Topics that this article analyses constitute an intersection between technological change and industrial dynamics literature. Analysis is centered around the relationship between the shapes of technical knowledge accumulation in a given industry and the probability that innovation could be the...

By focussing on cumulativeness and spillover effects of technological knowledge, theories on technological regimes are predominantly supply side oriented in explaining industrial dynamics. This paper introduces demand side considerations as an additional explanation for industrial dynamics....

This paper explores the impact of diversity of innovative strategies of firms upon the industrial dynamics through a micro-simulation model. We consider two types of firms each one being characterised by a specific innovative strategy. Basically we assume that some cumulative firms adopt an...

<Para ID="Par1">This study analyses the effect of R&D expenditure on firm employment growth in the medium term, using six cross-sectional waves of an innovation survey conducted in the Netherlands in all sectors. The analysis is focused on firms having positive R&D expenditure and investigates whether higher...</para>

This paper analyses mechanisms of decline and renewal in high-tech regions, illustrated with empirical evidence on the Cambridgeshire high-tech region in the UK. The paper contributes to ecological (‘carrying capacity’) and evolutionary (path dependence) theories of regional...

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

This paper presents an original approach to the impact of extended producer responsibility instruments for waste prevention upon firms\' innovative strategies and market structure. Our analysis is based on a stylised framework of waste prevention developed in Brouillat (2009a, b). In this...

The first of July 1952, the moped was legislatively excluded from existing restrictions for heavier two-wheeled motorized vehicles. A driver/owner of a “bicycle with auxiliary engine” – this was the original denomination of the vehicle – thus needed no registration, driver’s license or...

Ter Wal A. L. J. and Boschma R. Co-evolution of firms, industries and networks in space, Regional Studies. The cluster literature suffers from a number of shortcomings: (1) it often neglects that cluster firms are heterogeneous in terms of capabilities; (2) it tends to overemphasize the...