Journal of Evolutionary Economics

, Volume 6, Issue 4, pp 411–423 | Cite as

Schumpeterian competition in heterogeneous oligopolies

  • Bernd Meyer
  • Carolin Vogt
  • Rainer Voßkamp


The modeling of Schumpeterian competition as a process of innovation, imitation and selection was first presented by Nelson/Winter (1982) in a simulation study and further analyzed in a similar but general analytical formulation by Iwai (1984a, 1984b). Their results concerning the relations between the combination of the different forces of Schumpeterian competition and market structure respectively the distributions of profits are interesting, but restricted to competitive markets. Comparing rules of thumb and satisficing for the R&D decisions the present study analyzes the process of Schumpeterian competition in a heterogeneous oligopoly. Firstly, the authors find for the R&D-concentration relation results contrary to the traditional interpretation of Schumpeter. Secondly, Iwai's (1984a, 1984b) qualitative results hold in this less restrictive modeling.


L13 O31 

Key words

Evolutionary economics Schumpeterian competition Innovation Oligopoly 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Acs ZJ, Audretsch D (1988) Innovation in large and small firms: an empirical analysis. American Economic Review 78:678–692Google Scholar
  2. Acs ZJ, Audretsch D (1990) Innovation and small firms. MIT Press: Cambridge (Mass), LondonGoogle Scholar
  3. Acs ZJ, Audretsch D (1991) Innovation and technological change: an international comparison. Harvester Wheatsheaf: New YorkGoogle Scholar
  4. Geroski PA, Pomroy R (1990) Innovation and the evolution of market structure. The Journal of Industrial Economics 38:299–314Google Scholar
  5. Heiner, R (1983) The origin of predictable behavior. American Economic Review 73:560–595Google Scholar
  6. Iwai K (1984a) Schumpeterian dynamics: an evolutionary model of innovation and imitation. Journal of Economic Behavior and Organization 5:159–190Google Scholar
  7. Iwai K (1984b) Schumpeterian dynamics, part II: technological progress, firm growth and economic selection. Journal of Economic Behavior and Organization 5:321–351Google Scholar
  8. Meyer B, Keuter A, Voßkamp R (1993) The estimation of Barone-curves based on the Iwai-model. Journal of Economic Behavior and Organization 21:131–146Google Scholar
  9. Nelson RR, Winter SG (1982) An evolutionary theory of economic change. The Belknap of Harvard University Press: Cambridge (Mass), LondonGoogle Scholar
  10. Pohlmeier W (1992) On the simultaneity of innovations and market structure. Empirical Economics 17:253–272Google Scholar
  11. Winter SG (1986) Schumpeterian competition in alternative technological regimes. In: Day RH, Eliasson G (eds) The dynamics of market economies, North Holland: AmsterdamGoogle Scholar

Copyright information

© Springer-Verlag 1996

Authors and Affiliations

  • Bernd Meyer
    • 1
  • Carolin Vogt
    • 1
  • Rainer Voßkamp
    • 1
  1. 1.Fachbereich WirtschaftswissenschaftenUniversität OsnabrückOsnabrückGermany

Personalised recommendations