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The present article examines one of the central elements of evolutionary thinking--competition formalized by the replicator dynamics mechanism. Using data on product characteristics of automobiles sold on the German domestic market over the period 2001--2006, we construct a competitiveness or...
Persistent link: https://www.econbiz.de/10010969847
The article investigates structural change among the four-digit (SIC) industries of the US manufacturing sector during 1958–1996 and its relation to productivity growth within a distribution dynamics framework. Focus is on the transition density of the Markov process that characterizes the...
Persistent link: https://www.econbiz.de/10005568651