Public policies and changing boundaries of firms in a “history-friendly” model of the co-evolution of the computer and semiconductor industries

Abstract

Winter. Public policies and changing boundaries of firms in a "history friendly" model of the co-evolution of the computer and semiconductor industries. Journal of Economic Behavior and Organization, Elsevier, 2008, 67 (2) Please cite this article as: Malerba, F., Nelson, R., Orsenigo, L., Winter, S., Public policies and changing boundaries of firms in a "history friendly" model of the co-

Optimal policy identification: Insights from the German electricity market

“…While there is information about, e.g., income structure or the speed of learning, other parameter values are unknown, as for example, the distribution of preferences, where some assumptions have to be made ( discussed in Section 2.2.1). In those cases we follow Malerba et al (2008) and other history-friendly models in not attempting detailed calibration of all parameters: 'Because most parameters fall into groups within a particular mechanism in the model, common-sense guidance is available for choosing plausible orders of magnitude'.…”

“…The first one is to illustrate in a history-friendly manner (see, e.g., Malerba et al, 2008;Garavaglia, 2010), which policy instruments played a critical role in the electricity market of Germany in the early 1990s in fostering transition towards the use of electricity generated from REGT. Back then, a low number of large fossil power plants supplied the whole economy with electricity, which was transmitted via the electricity grid.…”

Can China's Miraculous Economic Growth Continue?

“…It can also be argued that the US supremacy for many years in the high technology activities of electronics and automotive relied considerably on heavy government investment in R&D through the military labs and universities (Malerba et al 2008), though the American business model of entrepreneurial activity involving new start-ups was also instrumental in the expansion of such activities in the private sector (Best 2001 Amsden (1989) and Amsden and Chu (2003) have argued persuasively that governments played a critical role in stimulating rapid growth and structural change by getting ''relative prices wrong,'' as a large complex economy, China's ascendance as an economic power has been achieved through multiple paths. Whereas foreign direct investment (FDI) inflows and strong exports through connecting in low value-added segments of multinational value chains have been important in the neo-classical sense of specialising on the basis of relative prices, China's catch up in the critical industries of automotives and electronics has also been driven by a strong focus on stimulating technical change through selective government interventions.…”

The Inquiry of Labor Market Dynamics in Knowledge Economies: An Agent-Based Approach

“…Malerba et al [12] studied the effects of policies on the coevolution of computer and semiconductor industries. Neugart [13] explores the aggregate impact of labor market policies such as that of government-financed training measures on unemployment rates.…”