Overview

This text uses evolutionary dynamic theory, non-linear mathematics and computer simulation techniques to explore the relationship between firm size, innovation and market structure. The book begins by reviewing the connection between these variables from a theoretical and an empirical point of view, and goes on to illustrate how analytical tools may be used in order to explore Schumpeterian prepositions regarding firm size, innovation and the specific role of idiosyncratic events.

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9781840643466

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Reviews

'... the book has shown how some interesting and non-intuitive results could be obtained about the dynamics of firm size, innovation, and market structure ... the authors deserves appreciation to bring-forth such a valuable document, having a wide literature survey and full of empirical works related to firm size, innovation, and market structure.' -- C.P. Gupta, Journal of Scientific and Industrial Research 'Her [Mariana Mazzucato's] work represents an important alternative approach to conventional theories on market structure and the evolution of industries as well as on the innovation and diffusion of new technologies within them. She models her hypotheses in a simple but rigorous way which enables not only new insights to be gained on the subject but also allows the reader to learn about computer simulation methodology and issues related to complexity. The balanced nature of the book makes it very appealing to researchers in the area; a wide literature survey; an introduction to formal economic models on the issue (with topics also raised in complexity theory), and an empirical section.' -- Willi Semmler, University of Bielefeld, Germany 'Mariana Mazzucato's Firm Size, Innovation and Market Structure is a stimulating exploration of the rapidly emerging field of evolutionary industrial organization. Mazzucato's research, which combines the insights of the classical economic tradition with the cutting-edge methodology of contemporary evolutionary and complex systems theory, provides a promising model for work in the field and poses a host of researchable and compelling questions. Students interested in pursuing the lines of enquiry pioneered by Schumpeter, Nelson, Winter and Dosi will find this book an invaluable resource.' -- Duncan K. Foley, New School University, US

Author Information

Mariana Mazzucato, University College London, UK

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