Competition among companies: coexistence and extinction

DOI10.1016/S0378-4371(02)01195-0MaRDI QIDQ1847477zbMATH OpenWikidataFDO

Authors Marcelo N. Kuperman, Horacio Sergio Wio

Publication date 26 November 2002

Published in Physica A (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/cond-mat/0202088

zbMATH Keywords

competitive exclusion principlethreshold valuesspatially homogeneous market model

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Abstract: We study a spatially homogeneous model of a market where several agents or companies compete for a wealth resource. In analogy with ecological systems the simplest case of such models shows a kind of "competitive exclusion" principle. However, the inclusion of terms corresponding for instance to "company efficiency" or to (ecological) "intracompetition" shows that, if the associated parameter overcome certain threshold values, the meaning of "strong" and "weak" companies should be redefined. Also, by adequately adjusting such a parameter, a company can induce the "extinction" of one or more of its competitors.

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Cites work

• scientific article; zbMATH DE number 3702474 (Why is no real title available?)
• scientific article; zbMATH DE number 42093 (Why is no real title available?)
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• Biodiversity through co-opetition
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• The principle of competitive survival
• Competition with evolution in ecology and finance

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