Conventions, markets and industry evolution: the example of the wind turbine industry in Germany 1977–2021

Max-Peter Menzel (2023) Cambridge Journal of Regions, Economy and Society. Online first, open access Abstract. Markets are drivers of evolutionary change. They link social norms to the evolution of an industry. The study uses a process tracing approach to identify two mechanisms of this link. The first mechanism describes how different conventions change the construction of markets. The second mechanism describes how the changing principles of evaluation influence the resource constructio..