Firm Adaptation Consumer Sorting and Market Dominance
AbstractConsider a setting in which firms randomly discover new ideas that affect their products or services and implement only those ideas which increase current profit At the same time that firms are adapting their offerings consumers are searching among firms for the best match It is shown that implicit in these dual dynamics is an increasing returns mechanism which can result in one firm dominating the market in the long run The conditions under which there is sustained market dominance are characterized
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by The Johns Hopkins University,Department of Economics in its series Economics Working Paper Archive with number 448.
Date of creation: Jun 2001
Date of revision: Feb 2002
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (None).
If references are entirely missing, you can add them using this form.