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History friendly models: retrospective and future perspectives

Author

Listed:
  • Gianluca Capone

    (University of Pisa
    ICRIOS, Bocconi University)

  • Franco Malerba

    (ICRIOS, Bocconi University
    Bocconi University)

  • Richard R. Nelson

    (Columbia University)

  • Luigi Orsenigo

    (ICRIOS, Bocconi University
    Scuola Universitaria Superiore IUSS Pavia
    University of Sussex)

  • Sidney G. Winter

    (University of Pennsylvania)

Abstract

Twenty years ago, we introduced the history friendly modeling approach to formally study industrial dynamics. In this paper, we look retrospectively at the results that the history friendly literature has achieved so far and what are the challenges ahead of us. We present the main principles, methods, and building blocks of the approach, and then we illustrate it through two applications. The first one investigates the impact of entry in the mainframes segment of the computer industry. The second application studies the effect of different industrial policies in uncertain technological environments.

Suggested Citation

  • Gianluca Capone & Franco Malerba & Richard R. Nelson & Luigi Orsenigo & Sidney G. Winter, 2019. "History friendly models: retrospective and future perspectives," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 9(1), pages 1-23, March.
    • Handle: RePEc:spr:eurasi:v:9:y:2019:i:1:d:10.1007_s40821-019-00121-0
    DOI: 10.1007/s40821-019-00121-0
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