Firm entry diversity, resource space heterogeneity and market structure

C. Garcia-Diaz, A. van Witteloostuijn

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

3 Citations (Scopus)

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

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