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題名 Competition in a New Industrial Economy: Toward an Agent-Based Economic Model of Modularity
作者 Chie, Bin-Tzong;Chen, Shu-Heng
陳樹衡
貢獻者 經濟系
關鍵詞 genetic programming;hierarchy;markups;modular economy;modularity
日期 2014-09
上傳時間 3-九月-2015 16:59:11 (UTC+8)
摘要 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.
關聯 Administrative Sciences (2076-3387), 4(3), 192-218
資料類型 article
DOI http://dx.doi.org/10.3390/admsci4030192
dc.contributor 經濟系
dc.creator (作者) Chie, Bin-Tzong;Chen, Shu-Heng
dc.creator (作者) 陳樹衡zh_TW
dc.date (日期) 2014-09
dc.date.accessioned 3-九月-2015 16:59:11 (UTC+8)-
dc.date.available 3-九月-2015 16:59:11 (UTC+8)-
dc.date.issued (上傳時間) 3-九月-2015 16:59:11 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/78263-
dc.description.abstract (摘要) 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.
dc.format.extent 1345363 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Administrative Sciences (2076-3387), 4(3), 192-218
dc.subject (關鍵詞) genetic programming;hierarchy;markups;modular economy;modularity
dc.title (題名) Competition in a New Industrial Economy: Toward an Agent-Based Economic Model of Modularity
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.3390/admsci4030192
dc.doi.uri (DOI) http://dx.doi.org/10.3390/admsci4030192