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https://ah.lib.nccu.edu.tw/handle/140.119/78511
題名: | Non-price Competition in a Modular Economy: An Agent-Based Computational Model | 作者: | Chie, Bin-Tzong;Chen, Shu-Heng 陳樹衡 |
貢獻者: | 經濟系 | 關鍵詞: | Conglomerates;Consumer;Duopolistic;Firm;Firms;Investment;Prices;Quality;Simulation | 日期: | 十二月-2013 | 上傳時間: | 15-九月-2015 | 摘要: | While it has been well acknowledged by economists for a long time that competition is not just about price, the conventional quantity-based economic models have had difficulties integrating price competition and quality competition into a coherent framework. In this paper, motivated by Herbert Simon`s view of near decomposability or modularity, we propose a quality-based economic model called the modular economy. In this modular economy, quality is manifested by the evolutionary design of more sophisticated and customized products that can satisfy consumers` satisfaction to a higher degree. Two essential features of the modular economy are founded through the agent-based simulation of a duopolistic competition. First, market competition tends to be self-annihilating; the competition will eventually end up with a dominant or a monopoly firm (conglomerate). Second, the high-markup firm has a better chance to be the only survivor than its low-markup competitor. We analyze these features through the complex cyclical dynamics of prices, profits, dividends, investment, working capital, and quality. | 關聯: | Economia Politica, 30(3), 273-299 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
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