Jati K. Sengupta examines the market dynamics of the evolution of industry and the impact of new technology with R&D and knowledge capital. The book builds the theory of innovations in the contexts of the high-tech industries of today such as computing and telecommunications.Competition and Growth Selection and Evolution of Industry Stochastic Selection and Evolution Cournot-Nash Selection Process Innovations and Growth Competition and Innovation EfficiencyJATI K. SENGUPTA is Professor on Economics at the University of California, Santa Barbara, USA. He has published a number of research monographs and more than 300 research papers in leading journals.