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

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  • Lehmann-Waffenschmidt, B. Cornelia
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    Abstract

    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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    Bibliographic Info

    Paper 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 10/08.

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    Date of creation: 2008
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    Handle: RePEc:zbw:tuddps:1008

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    Related research

    Keywords: Industry Life Cycle; Agent-Based Simulation Model; Evolutionary Economics;

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    1. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
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