Competition and the Evolution of Market Structure in the E-conomy : A Simulation Analysis
AbstractIn this paper an evolutionary simulation model, based on replicator dynamics, is developed. The purpose is to identify changes in the patterns of evolution of the market structure caused by Information and Communication Technologies (ICT) in the E-conomy in comparison to the Old Economy (without ICT). The relationship between the two economy concepts can be summed up from an industrial organization point of view with the help of stylized facts about the evolution of the market structure as phases in an industrial life cycle. The simulation results show that economic development progresses from the E-conomy to the (next) Old Economy. --
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Bibliographic InfoPaper provided by Dresden University of Technology, Faculty of Business and Economics, Department of Economics in its series Dresden Discussion Paper Series in Economics with number 02/04.
Date of creation: 2004
Date of revision:
Industrial life cycle; ICT; Evolution of market structure; Replicator dynamics; Simulation analysis;
Find related papers by JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
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