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dc.contributor.authorAlmudi, Isabel
dc.contributor.authorFatas-Villafranca, Francisco
dc.contributor.authorIzquierdo Millán, Luis Rodrigo 
dc.date.accessioned2015-09-11T11:17:06Z
dc.date.available2015-09-11T11:17:06Z
dc.date.issued2013-11
dc.identifier.issn0936-9937
dc.identifier.urihttp://hdl.handle.net/10259/3841
dc.description.abstractIn this paper, we propose an industrial dynamics model to analyze the interactions between the price-performance sensitivity of demand, the sources of innovation in a sector, and certain features of the corresponding pattern of industrial transformation. More precisely, we study market concentration in different technological regimes and demand conditions. The computational analysis of our model shows that market demand plays a key role in industrial dynamics. Thus, although for intermediate values of the price-performance sensitivity, our results show the well-known relationships in the literature between technological regimes and industry transformation, we find surprising outcomes when demand is strongly biased either towards price or performance. Hence, for different technological regimes, a high performance sensitivity of demand tends to concentrate the market. On the other hand, under conditions of high price sensitivity, the industry generally tends to atomize. That is to say, for extreme values of the price-performance sensitivity of demand, we find concentrated or atomized market structures no matter the technological regime we are in. These results highlight the importance of considering the role of demand in the analysis of industrial dynamics.en
dc.format.mimetypeapplication/pdf
dc.language.isoenges
dc.publisherSpringer Verlagen
dc.relation.ispartofJournal of Evolutionary Economics. 2013, V. 23, n. 5, p. 1073–1098en
dc.subjectIndustrial dynamicsen
dc.subjectDemanden
dc.subjectTechnological regimesen
dc.subjectEvolutionary economicsen
dc.subject.otherGestión de empresases
dc.subject.otherIndustrial managementen
dc.titleIndustry dynamics, technological regimes and the role of demanden
dc.typeinfo:eu-repo/semantics/article
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s00191-013-0303-y
dc.identifier.doi10.1007/s00191-013-0303-y
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersionen


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