Co-evolution of firms and consumers and the implications for market dominance

被引：6
|
作者：
Harrington, JE [1 ]
Chang, MH
机构：
[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA
[2] Cleveland State Univ, Dept Econ, Cleveland, OH 44115 USA
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2005年 / 29卷 / 1-2期
基金：
美国国家科学基金会;
关键词：
market dominance; innovation; search;
D O I：
10.1016/j.jedc.2003.04.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Consider a setting in which firms randomly discover new ideas that affect their products or services and implement favorable ones. At the same time that firms are adapting their offerings, consumers are searching among firms for the best match. It is shown that implicit in these dual dynamics is an increasing returns mechanism which can result in one firm dominating the market in the long run. The conditions under which there is sustained market dominance are characterized. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码：245 / 276
页数：32
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