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

DOI10.1016/J.JEDC.2003.04.012zbMATH Open1202.91186OpenAlexW2166588658MaRDI QIDQ953746FDOQ953746

Myong-Hun Chang, Joseph E. jun. Harrington

Publication date: 6 November 2008

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

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

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zbMATH Keywords

innovationsearchmarket dominance

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (5)

• Evaluating market attractiveness: individual incentives versus industry profitability
• The Emergence of a Market: What Efforts Can Entrepreneurs Make?
• Consumer inertia, firm growth and industry dynamics.
• Note: The Impact of Leadtime and Years of Competitive Rivalry on Pioneer Market Share Advantages
• Demand-Driven Innovation and Spatial Competition Over Time

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