Abstract
In chapter 10 of their book “An Evolutionary Theory of Economic Change”, Nelson and Winter (1982) describe a model for the dynamics of competitive growth among firms in an industry. As its title suggests, the book is generally inspired by evolutionary biology, and their model can be analyzed completely using mathematical techniques recently developed for applications in population genetics.
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References
Akin, E., The Geometry of Population Genetics, Lecture Notes on Biomathematics No. 31, Springer-Verlag, New York, 1979.
Hirsch, M. and Smale, S., Differential Equations. Dynamical Systems and Linear Algebra, Academic Press, New York, 1974.
Nelson, R. and Winter S., An Evolutionary Theory of Economic Change, Harvard University Press, Cambridge, MA., 1982.
Shahshahani, S., ‘A New Mathematical Framework for the Study of Linkage and Selection’, American Mathematical Society, Memoir No. 211, 1979.
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© 1987 Springer-Verlag Berlin Heidelberg
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Akin, E. (1987). Competitive Growth of Firms in an Industry. In: Batten, D., Casti, J.L., Johansson, B. (eds) Economic Evolution and Structural Adjustment. Lecture Notes in Economics and Mathematical Systems, vol 293. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-02522-2_5
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DOI: https://doi.org/10.1007/978-3-662-02522-2_5
Publisher Name: Springer, Berlin, Heidelberg
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