Sidney Winter

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To HAVE the incentive to undertake research and development, a firm must be able to appropriate returns sufficient to make the investment worthwhile. The benefits consumers derive from an innovation, however, are increased if competitors can imitate and improve on the innovation to ensure its availability on favorable terms. Patent law seeks to resolve this(More)
MICHAEL D. COHEN, ROGER BURKHART, GIOVANNI DOSI , MASSIMO EGIDI , LUIGI MARENGO, MASSIMO WARGLIEN AND SIDNEY WINTER ^University of Michigan, Ann Arbor, MI 48109-1220, Deere and Co., John Deere Road, Moline, IL 61265, USA, department of Economics, University of Rome 'La Sapienza', Via A. Cesalpino 12/14, 00l6LRoma, ^Laboratory of Experimental Economics,(More)
M odern economic analysis, oriented toward understanding the workings of economies that make extensive use of markets, came into existence with three guiding questions, all central in Adam Smith’s (1776 [1937]) The Wealth of Nations. One question concerned order. Without any central authority guiding and commanding action, how is economic activity(More)
This book is about technological progress and its relationships with competition and the evolution of industry structures. It presents a new approach to the analysis of these issues, which we have labeled “history-friendly” modeling. This research stream began more than a decade ago and various papers have been published over the years. Here, we build on(More)
Since the time of Adam Smith, Francois Quesnay and David Ricardo, economists have sought to ground their theoretical analyses of economic organization in an appreciation of the nature of real production activity. Any such an effort must balance two competing concerns. On the one hand, the obviously fundamental role of productive activity in economic life(More)
Organizational routines are considered basic components of organizational behavior and repositories of organizational capabilities (Nelson & Winter, 1982). They do, therefore, hold one of the keys to understanding organizational change. The article focuses on how the concept of organizational routines can be applied in empirical research to understand(More)
The history of a number of industries is marked by a succession of eras, associated with different dominant technologies. Within any era, industry concentration tends to grow. Particular eras are broken by the introduction of a new technology which, while initially inferior to the established one in the prominent uses, has the potential to become(More)