1. Non-equilibrium dynamics in the evolution of industries -- 2. Models of industry dynamics -- 3. A dynamic model of Schumpeterian competition -- 4. Growing an industry in silico -- 5. Shakeouts : limited foresight, technological shocks, and transient industry dynamics -- 6. Industry dynamics...

This paper investigates the strategic use of flexible manufacturing technology as an entry-deterring mechanism. It is shown that, when consumers' tastes fluctuate probabilistically , an incumbent threatened with potential entry installs flexible manufacturing technology for a larger set of...

This study analyzes the collusive behavior of firms in markets characterized by horizontal product differentiation. The special features are that product choice is endogenized and that firms may redesign their products intertemporally at a fixed cost. The main objective is to examine the...

The agent-based approach views an organization as a collection of agents, interacting with one another in their pursuit of assigned tasks. The performance of an organization in this framework is determined by the formal and informal structures of interactions among agents, which define the lines...

This research explores how market competition influences a firm's optimal organizational structure. For this purpose, a computational model of competing multiunit firms is developed in which unit managers and corporate staff continually search for better practices, while consumers search among...

A computational model of a retail chain is developed in which store managers continually search for better practices. Search takes place over a rugged landscape defined over the space of store practices. The main objective of this research is to determine how the amount of discretion given to...