The paper introduces a new simulation model of market dynamics by integrating several concepts of evolutionary economics. In the course of market evolution various changes take place of which the emergence of consumers' preferences and of the knowledge that is needed to meet these preferences...

The Lisbon strategy for growth and jobs seeks to use knowledge and innovation in thecontext of the European Research Area (ERA). To build the ERA the European Union(EU) implements – amongst others - regional innovation policy. Ample scientificpublications have investigated how innovation...