000130705 001__ 130705 000130705 005__ 20240131193423.0 000130705 0247_ $$2doi$$a10.1007/s00191-013-0303-y 000130705 0248_ $$2sideral$$a83998 000130705 037__ $$aART-2013-83998 000130705 041__ $$aeng 000130705 100__ $$0(orcid)0000-0003-3766-9157$$aAlmudi,I.$$uUniversidad de Zaragoza 000130705 245__ $$aIndustry dynamics, technological regimes and the role of demand 000130705 260__ $$c2013 000130705 5060_ $$aAccess copy available to the general public$$fUnrestricted 000130705 5203_ $$aIn this paper, we propose an industrial dynamics model to analyze the interactions between the price-performance sensitivity of demand, the sources of innovation in a sector, and certain features of the corresponding pattern of industrial transformation. More precisely, we study market concentration in different technological regimes and demand conditions. The computational analysis of our model shows that market demand plays a key role in industrial dynamics. Thus, although for intermediate values of the price-performance sensitivity, our results show the well-known relationships in the literature between technological regimes and industry transformation, we find surprising outcomes when demand is strongly biased either towards price or performance. Hence, for different technological regimes, a high performance sensitivity of demand tends to concentrate the market. On the other hand, under conditions of high price sensitivity, the industry generally tends to atomize. That is to say, for extreme values of the price-performance sensitivity of demand, we find concentrated or atomized market structures no matter the technological regime we are in. These results highlight the importance of considering the role of demand in the analysis of industrial dynamics. 000130705 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000130705 590__ $$a0.675$$b2013 000130705 591__ $$aECONOMICS$$b194 / 332 = 0.584$$c2013$$dQ3$$eT2 000130705 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000130705 700__ $$0(orcid)0000-0002-1246-6751$$aFatas-Villafranca,F.$$uUniversidad de Zaragoza 000130705 700__ $$aIzquierdo,L. R. 000130705 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000130705 773__ $$g23 (2013), 1073-1098$$pJ. evol. econ.$$tJOURNAL OF EVOLUTIONARY ECONOMICS$$x0936-9937 000130705 8564_ $$s1572849$$uhttps://zaguan.unizar.es/record/130705/files/texto_completo.pdf$$yPostprint 000130705 8564_ $$s1678773$$uhttps://zaguan.unizar.es/record/130705/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000130705 909CO $$ooai:zaguan.unizar.es:130705$$particulos$$pdriver 000130705 951__ $$a2024-01-31-19:30:31 000130705 980__ $$aARTICLE