Abstract
Twenty years ago, we introduced the history friendly modeling approach to formally study industrial dynamics. In this paper, we look retrospectively at the results that the history friendly literature has achieved so far and what are the challenges ahead of us. We present the main principles, methods, and building blocks of the approach, and then we illustrate it through two applications. The first one investigates the impact of entry in the mainframes segment of the computer industry. The second application studies the effect of different industrial policies in uncertain technological environments.
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