Law of the jungle: firm survival and price dynamics in evolutionary markets

详细信息    查看全文

• 作者：Brendan Markey-Towler
• 刊名：Journal of Evolutionary Economics
• 出版年：2016
• 出版时间：July 2016
• 年：2016
• 卷：26
• 期：3
• 页码：655-696
• 全文大小：549 KB
• 刊物主题：Economic Theory; Microeconomics; Economic Growth; R & D/Technology Policy; Entrepreneurship;
• 出版者：Springer Berlin Heidelberg
• ISSN：1432-1386
• 卷排序：26

文摘

In this paper I develop a simple, and general model of supply and demand within which almost any theory of consumer and producer behaviour may be integrated by varying parameters. I then investigate the dynamics of this model and its implications for the theory of market evolution, and show that it unifies a number of insights from evolutionary economics. I extend upon these evolutionary theories and also characterise the distribution of prices across the market and investigate its evolution over time.KeywordsDifferential survival and growthPrice theoryFirm strategyInnovationCompetitive selection