Firm entry diversity, resource space heterogeneity and market structure

C. Garcia-Diaz, A. van Witteloostuijn

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.
Original languageEnglish
Title of host publicationEmergent Results of Artificial Economics
EditorsS. Osinga, G.J. Hofstede, T. Verwaart
Place of PublicationBerlin
PublisherSpringer Verlag
Pages153-164
Number of pages212
DOIs
Publication statusPublished - 2011

Publication series

NameLecture Notes in Economics and Mathematical Systems
Number652

Fingerprint

Resources
Firm entry
Market structure
Selection process
Market selection
Computational model
Firm size
Scale economies
Niche
Market entry
Consumer heterogeneity
Factors
Agent-based
Evolutionary

Cite this

Garcia-Diaz, C., & van Witteloostuijn, A. (2011). Firm entry diversity, resource space heterogeneity and market structure. In S. Osinga, G. J. Hofstede, & T. Verwaart (Eds.), Emergent Results of Artificial Economics (pp. 153-164). (Lecture Notes in Economics and Mathematical Systems; No. 652). Berlin: Springer Verlag. https://doi.org/10.1007/978-3-642-21108-9_13
Garcia-Diaz, C. ; van Witteloostuijn, A. / Firm entry diversity, resource space heterogeneity and market structure. Emergent Results of Artificial Economics. editor / S. Osinga ; G.J. Hofstede ; T. Verwaart. Berlin : Springer Verlag, 2011. pp. 153-164 (Lecture Notes in Economics and Mathematical Systems; 652).
@inbook{b8ed93e3641b4629bb83b0b7f65c8f67,
title = "Firm entry diversity, resource space heterogeneity and market structure",
abstract = "Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.",
author = "C. Garcia-Diaz and {van Witteloostuijn}, A.",
note = "Pagination: 212",
year = "2011",
doi = "10.1007/978-3-642-21108-9_13",
language = "English",
series = "Lecture Notes in Economics and Mathematical Systems",
publisher = "Springer Verlag",
number = "652",
pages = "153--164",
editor = "S. Osinga and G.J. Hofstede and T. Verwaart",
booktitle = "Emergent Results of Artificial Economics",
address = "Germany",

}

Garcia-Diaz, C & van Witteloostuijn, A 2011, Firm entry diversity, resource space heterogeneity and market structure. in S Osinga, GJ Hofstede & T Verwaart (eds), Emergent Results of Artificial Economics. Lecture Notes in Economics and Mathematical Systems, no. 652, Springer Verlag, Berlin, pp. 153-164. https://doi.org/10.1007/978-3-642-21108-9_13

Firm entry diversity, resource space heterogeneity and market structure. / Garcia-Diaz, C.; van Witteloostuijn, A.

Emergent Results of Artificial Economics. ed. / S. Osinga; G.J. Hofstede; T. Verwaart. Berlin : Springer Verlag, 2011. p. 153-164 (Lecture Notes in Economics and Mathematical Systems; No. 652).

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

TY - CHAP

T1 - Firm entry diversity, resource space heterogeneity and market structure

AU - Garcia-Diaz, C.

AU - van Witteloostuijn, A.

N1 - Pagination: 212

PY - 2011

Y1 - 2011

N2 - Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.

AB - Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.

U2 - 10.1007/978-3-642-21108-9_13

DO - 10.1007/978-3-642-21108-9_13

M3 - Chapter

T3 - Lecture Notes in Economics and Mathematical Systems

SP - 153

EP - 164

BT - Emergent Results of Artificial Economics

A2 - Osinga, S.

A2 - Hofstede, G.J.

A2 - Verwaart, T.

PB - Springer Verlag

CY - Berlin

ER -

Garcia-Diaz C, van Witteloostuijn A. Firm entry diversity, resource space heterogeneity and market structure. In Osinga S, Hofstede GJ, Verwaart T, editors, Emergent Results of Artificial Economics. Berlin: Springer Verlag. 2011. p. 153-164. (Lecture Notes in Economics and Mathematical Systems; 652). https://doi.org/10.1007/978-3-642-21108-9_13