Myopic Selection

@article{Geroski2002MyopicS,
  title={Myopic Selection},
  author={Paul A. Geroski and Mariana Mazzucato},
  journal={Microeconomic Theory eJournal},
  year={2002}
}
The severity of selection mechanisms and the myopia of selection are explored through a duopoly model where one firm tries to move down a learning curve in which costs are initially higher than its rival's but ultimately much lower. A trade-off is found between catch-up time and asymptotic market share: The more severe are selection pressures, the less likely is it that the learning technology will survive; however, if it does survive, the learning technology will in the limit be more… 
Firm Size, Innovation, and Market Share Instability: the Role of Negative Feedback and Idiosyncratic Events
  • M. Mazzucato
  • Economics, Computer Science
    Adv. Complex Syst.
  • 2000
TLDR
An evolutionary model is built which finds that market share instability is the highest under the negative feedback regime, when the industry specific level of technological opportunity is intermediate, and when shocks are neither very large nor very small.
Survey of the literature on innovation and economic performance
Despite very strong differences in their treatment of technological change in economic theory, both the neoclassical and the more Schumpetarian (and evolutionary) economic approaches often assume
OP-ICCJ130029 851..868
  • 2013

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