More documents from Malerba, Franco; Nelson, Richard; Orsenigo, Luigi; Winter, Sidney
More documents from Journal of Economic Behavior & Organization
Export to your Reference Manger
Please Copy & Paste
Bibtex-Export
Endnote-Export
Public policies and changing boundaries of firms in a "history friendly" model of the co-evolution of the computer and semiconductor industries
[journal article]
Malerba, Franco; Nelson, Richard; Orsenigo, Luigi; Winter, Sidney
Download full text
(602 KByte)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-254582
Further Details
| Abstract | In this paper, we explore the effects of alternative policies, ranging from antitrust to public procurement, open standards, information diffusion and basic research support on the dynamics of two vertically related industries in changing and uncertain technological and market environments. The two industries are a system industry and a component industry, and the evolution of these industries is characterized by periods of technological revolutions punctuating periods of relative technological stability and smooth technical progress. We have been inspired by the co-evolution of the computer and component industries from their inceptions to the 1980s. On the basis of that evolution, we have developed a history friendly-model this co-evolution. In sum, this paper has stressed that various types of policies may sometimes have contrasting effects on the industry, mainly on concentration and technical change and innovation. It has also shown that the consequences of policies may spillover from one industry to another, and from one type of firms to another. Policies that aim at a specific industry may provoke major changes in a related industry through the product market, the changing boundaries of firms or knowledge and technological interdependencies. The policy maker has to be aware of that. Finally, a major point of the paper regards the unintended consequences of policies. |
| Classification | Political Economy; Economic Policy |
| Free Keywords | industrial dynamics; public policy; technology; innovation; O30; L10; L60 |
| Document language | English |
| Publication Year | 2008 |
| Page/Pages | p. 355-380 |
| Journal | Journal of Economic Behavior & Organization, 67 (2008) 2 |
| DOI | http://dx.doi.org/10.1016/j.jebo.2006.10.010 |
| Status | Postprint; reviewed |
| Licence | PEER Licence Agreement (applicable only to documents from PEER project) |
| Document Type | journal article |
