Destabilizing effects of market size in the dynamics of innovation

DOI10.1016/J.JET.2022.105415zbMATH Open1484.91203OpenAlexW4226437336MaRDI QIDQ2123189FDOQ2123189

Authors: Kiminori Matsuyama, Philip Ushchev 

Publication date: 8 April 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2022.105415

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zbMATH Keywords

endogenous innovation cyclesH.S.A.Judd modelmarket size and volatilitypiecewise-linear dynamical systemprocompetitive effect

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24)

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Cited In (4)

• Economies of scale in innovations with block-busters
• Instability and network effects in innovative markets
• Memory loss can prevent chaos in games dynamics
• Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry

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