nw2004 - Revisiting the Nelson-Winter model of industrial dynamics

Esben Sloth Andersen, esa@business.auc.dk
Version: 23 Mar 2004

This Lsd program builds on previous and simplified Lsd versions of the
standard Nelson-Winter model by Murat Yildizoglu, Marco Valente and 
Toke Reichstein.

The Nelson-Winter model is largely derived from chapter 12 of their book
"Evolutionary Theory of Economic Change". Compered with previous nw
versions distributed with Lsd, nw2004 emphasises
- good design of models and simulation experiments
- the explicit treatment of technological regimes (Winter, 1984)
- the possibility of switching off monopolistic restraint of investment
- the fission of large firms
- statistics for decomposing evolutionary change

See the model report for details and history.txt file for description
of changes made compared with older nw2004 versions. 

