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Evolutionary model of an anonymous consumer durable market

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  • Kaldasch, Joachim

Abstract

An analytic model is presented that considers the evolution of a market of durable goods. The model suggests that after introduction goods spread always according to a Bass diffusion. However, this phase will be followed by a diffusion process for durable consumer goods governed by a variation-selection-reproduction mechanism and the growth dynamics can be described by a replicator equation.

Suggested Citation

  • Kaldasch, Joachim, 2011. "Evolutionary model of an anonymous consumer durable market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(14), pages 2692-2715.
    • Handle: RePEc:eee:phsmap:v:390:y:2011:i:14:p:2692-2715
    DOI: 10.1016/j.physa.2011.02.039
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    Cited by:

    1. Kaldasch, Joachim, 2012. "Evolutionary model of the personal income distribution," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(22), pages 5628-5642.
    2. Joachim Kaldasch, 2015. "Dynamic Model of the Price Dispersion of Homogeneous Goods," Papers 1509.01216, arXiv.org.
    3. Kaldasch, Joachim, 2014. "Evolutionary Model of Moore’s Law," MPRA Paper 54397, University Library of Munich, Germany.
    4. Kaldasch, Joachim, 2011. "Evolutionary Model of Non-Durable Markets," MPRA Paper 33743, University Library of Munich, Germany.
    5. Kaldasch, Joachim, 2015. "The Product Life Cycle of Durable Goods," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 10(2), pages 1-17.
    6. Kaldasch, Joachim, 2011. "The experience curve and the market size of competitive consumer durable markets," MPRA Paper 33370, University Library of Munich, Germany.
    7. Kaldasch, Joachim, 2012. "Evolutionary model of the growth and size of firms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(14), pages 3751-3769.
    8. Almaz Mustafin & Aliya Kantarbayeva, 2021. "Resource competition and technological diversity," PLOS ONE, Public Library of Science, vol. 16(11), pages 1-37, November.
    9. Kaldasch, Joachim, 2015. "Dynamic Model of Markets of Successive Product Generations," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 10(3), pages 1-15.
    10. Kaldasch, Joachim, 2015. "Dynamic Model of Markets of Homogenous Non-Durables," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(3), pages 1-12.
    11. Kaldasch, Joachim, 2012. "Evolutionäre Diffusion und der Produktlebenszyklus von Gebrauchsgütern," EconStor Preprints 59748, ZBW - Leibniz Information Centre for Economics.

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