Please use this identifier to cite or link to this item:

Title: Competition in a New Industrial Economy: Toward an Agent-Based Economic Model of Modularity
Authors: Chie, Bin-Tzong;Chen, Shu-Heng
Contributors: 經濟系
Keywords: genetic programming;hierarchy;markups;modular economy;modularity
Date: 2014-09
Issue Date: 2015-09-03 16:59:11 (UTC+8)
Abstract: When firms (conglomerates) are competing, not only for the present, with a given population of customers and a fixed set of commodities or service, but also for the future, in which products are constantly evolving, what will be their competitive strategies and what will be the emerging ecology of the market? In this paper, we use the agent-based modeling of a modular economy to study the markup rate dynamics in a duopolistic setting. We find that there are multiple equilibria in the market, characterized by either a fixed point or a limit cycle. In the former case, both firms compete with the same markup rate, which is a situation similar to the familiar classic Bertrand model, except that the rate is not necessarily zero. In the latter case, both firms survive by maintaining different markup rates and different market shares.
Relation: Administrative Sciences (2076-3387), 4(3), 192-218
Data Type: article
DOI 連結:
Appears in Collections:[經濟學系] 期刊論文

Files in This Item:

File Description SizeFormat
192-218.pdf1313KbAdobe PDF509View/Open

All items in 學術集成 are protected by copyright, with all rights reserved.

社群 sharing