This article investigates whether firms react to a radical technological substitution threat by a deliberate acceleration of innovation in their existing technology – the ‘sailing ship effect’. It has been argued that the effect is both significant and widespread and warrants a reexamination of our assumptions about the working of the competitive process (Rosenberg 1972). Reexamination of two c...

Many physical theories like chaos theory are fundamentally concerned with the conceptual tension between determinism and randomness. Kolmogorov complexity can express randomness in determinism and gives an approach to formulate chaotic behavior.

Determinism is a theoretically and practically important concept in labelled transition systems and trees. We study its generalisation to event structures. It turns out that the result depends on what characterising property of tree determinism one sets out to generalise. We present three distinct notions of event structure determinism, and show that none of them shares all the pleasant propert...