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

DOI10.1016/j.jedc.2003.04.012zbMath1202.91186OpenAlexW2166588658MaRDI QIDQ953746

Myong-Hun Chang, Joseph E. jun. Harrington

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://repository.upenn.edu/bepp_papers/10

zbMATH Keywords

searchinnovationmarket dominance

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Consumer behavior, demand theory (91B42) Economic dynamics (91B55)

Cites Work

• Experimentation, imitation, and stochastic stability
• Steady state price distributions in a noisy search equilibrium
• Stochastically stable states in an oligopoly with differentiated goods: Equivalence of price and quantity strategies
• An evolutionary model of Bertrand oligopoly
• Evolution and market competition
• The Learning Curve, Market Dominance, and Predatory Pricing
• The Evolution of Walrasian Behavior

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