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Schumpeterian competition in heterogeneous oligopolies (*)

Author

Listed:
  • Bernd Meyer

    (Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany)

  • Carolin Vogt

    (Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany)

  • Rainer Vo, kamp

    (Fachbereich Wirtschaftswissenschaften, Universit, t Osnabr, ck, Rolandstrasse 8, D-49069 Os-nabr, ck, Germany)

Abstract

The modeling of Schumpeterian competition as a process of innovation, imitation and selection was first presented by Nelson/Winter (1982) in a simulation study and further analyzed in a similar but general analytical formulation by Iwai (1984a, 1984b). Their results concerning the relations between the combination of the different forces of Schumpeterian competition and market structure respectively the distributions of profits are interesting, but restricted to competitive markets. Comparing rules of thumb and satisficing for the Ramp;D decisions the present study analyzes the process of Schumpeterian competition in a heterogeneous oligopoly. Firstly, the authors find for the Ramp;D-concentration relation results contrary to the traditional interpretation of Schumpeter. Secondly, Iwai's (1984a, 1984b) qualitative results hold in this less restrictive modeling.

Suggested Citation

  • Bernd Meyer & Carolin Vogt & Rainer Vo, kamp, 1996. "Schumpeterian competition in heterogeneous oligopolies (*)," Journal of Evolutionary Economics, Springer, vol. 6(4), pages 411-423.
    • Handle: RePEc:spr:joevec:v:6:y:1996:i:4:p:411-423
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    Citations

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    Cited by:

    1. Thomas Grebel, 2011. "Innovation and Health," Books, Edward Elgar Publishing, number 14375.
    2. Rainer Vosskamp, 1999. "Innovation, Market Structure and the Structure of the Economy: a micro-to-macro model," Economic Systems Research, Taylor & Francis Journals, vol. 11(3), pages 213-232.
    3. Marc Escrihuela-Villar & Jorge Guillén, 2020. "Innovation and Competition in a Mixed Oligopoly," Hacienda Pública Española / Review of Public Economics, IEF, vol. 234(3), pages 59-74, September.

    More about this item

    Keywords

    Evolutionary economics ; Schumpeterian competition ; Innovation ; Oligopoly;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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