Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/78511
DC Field | Value | Language |
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dc.contributor | 經濟系 | |
dc.creator | Chie, Bin-Tzong;Chen, Shu-Heng | |
dc.creator | 陳樹衡 | zh_TW |
dc.date | 2013-12 | |
dc.date.accessioned | 2015-09-15T07:28:52Z | - |
dc.date.available | 2015-09-15T07:28:52Z | - |
dc.date.issued | 2015-09-15T07:28:52Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/78511 | - |
dc.description.abstract | 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. | |
dc.format.extent | 159 bytes | - |
dc.format.mimetype | text/html | - |
dc.relation | Economia Politica, 30(3), 273-299 | |
dc.subject | Conglomerates;Consumer;Duopolistic;Firm;Firms;Investment;Prices;Quality;Simulation | |
dc.title | Non-price Competition in a Modular Economy: An Agent-Based Computational Model | |
dc.type | article | en |
item.fulltext | With Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.grantfulltext | restricted | - |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
Appears in Collections: | 期刊論文 |
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index.html | 159 B | HTML2 | View/Open |
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