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
相关论文
共 50 条
  • [41] Symbiosis and co-evolution in animats
    Numaoka, C
    ADVANCES IN ARTIFICIAL LIFE, 1995, 929 : 261 - 272
  • [42] Co-evolution in negotiation games
    Murakami, Y
    Sato, H
    Namatame, A
    ICCIMA 2001: FOURTH INTERNATIONAL CONFERENCE ON COMPUTATIONAL INTELLIGENCE AND MULTIMEDIA APPLICATIONS, PROCEEDINGS, 2001, : 241 - 245
  • [43] Climbing the co-evolution ladder
    Lenton, TM
    Schellnhuber, HJ
    Szathmáry, E
    NATURE, 2004, 431 (7011) : 913 - 913
  • [44] The Co-Evolution of Matter and Consciousness
    Velmans, Max
    SYNTHESIS PHILOSOPHICA, 2007, 22 (02) : 273 - 282
  • [45] The co-evolution of life and Earth
    Dietrich, Lars E. P.
    Tice, Michael M.
    Newman, Dianne K.
    CURRENT BIOLOGY, 2006, 16 (11) : R395 - R400
  • [46] Co-evolution of robot behaviors
    Daley, R
    Schultz, AC
    Grefenstette, JJ
    MOBILE ROBOTS XIV, 1999, 3838 : 228 - 239
  • [47] Cytonuclear integration and co-evolution
    Daniel B. Sloan
    Jessica M. Warren
    Alissa M. Williams
    Zhiqiang Wu
    Salah E. Abdel-Ghany
    Adam J. Chicco
    Justin C. Havird
    Nature Reviews Genetics, 2018, 19 : 635 - 648
  • [48] Co-evolution of RDF Datasets
    Faisal, Sidra
    Endris, Kemele M.
    Shekarpour, Saeedeh
    Auer, Soeren
    Vidal, Maria-Esther
    WEB ENGINEERING (ICWE 2016), 2016, 9671 : 225 - 243
  • [49] CO-EVOLUTION IN HIV ENZYMES
    Boba, P.
    Weil, P.
    Hoffgaard, F.
    Hamacher, K.
    BIONFORMATICS 2010: PROCEEDINGS OF THE FIRST INTERNATIONAL CONFERENCE ON BIOINFORMATICS, 2010, : 39 - 47
  • [50] Climbing the co-evolution ladder
    T. M. Lenton
    H. J. Schellnhuber
    E. Szathmáry
    Nature, 2004, 431 : 913 - 913
12345