An Evolutionary Agent-based simulation model for the industry life cycle

In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific branches of industry. The results enable conclusions to be drawn for competition policy with regard to the workability of competition in the various phases of the ILC.

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Year of publication:	2008
Authors:	Lehmann-Waffenschmidt, B. Cornelia
Institutions:	Fakultät Wirtschaftswissenschaften, Technische Universität Dresden
Subject:	Industry Life Cycle \| Agent-Based Simulation Model \| Evolutionary Economics

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Extent:	application/pdf
Series:	Dresden Discussion Paper Series in Economics. - ISSN 0945-4829.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 10/08
Classification:	L10 - Market Structure, Firm Strategy, and Market Performance. General ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; O12 - Microeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009226236