Item

Firm entry diversity, resource space heterogeneity and market structure

Garcia-Diaz,C.
; 
van Witteloostuijn,A.
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.
Description
Pagination: 212
Date
2011
Journal Title
Journal ISSN
Volume Title
Publisher
Springer Verlag
Collections
Tilburg University Research Output Collection
Show all metadata
Research Projects
Organizational Units
Journal Issue
Keywords
Citation
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. 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
URI
https://hdl.handle.net/20.500.14602/16985
License
info:eu-repo/semantics/restrictedAccess
Embedded videos