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Cooperation promotes the sustainability of companies: Lattice-gas model for a market

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  • Morishita, Ayako
  • Tainaka, Kei-ichi

Abstract

In Japan, there are many long-lived firms which survive more than 200 years. Such companies typically use a cooperative strategy: win–win interactions with other companies. Here, we apply agent-based model or lattice-gas formulation to a market composed of two or three long-lived companies. The basic equation enables us to obtain the market share of individual companies. We carry out scenario analyses, where each company changes the magnitude of cooperation. The scenario examined illustrates that a treacherous management, such as the reduction of cooperation, is advantageous in a short period. However, it is disadvantageous for a long period due to tit-for-tat. As the system contains more companies, cooperative management becomes more effective.

Suggested Citation

  • Morishita, Ayako & Tainaka, Kei-ichi, 2019. "Cooperation promotes the sustainability of companies: Lattice-gas model for a market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 525(C), pages 119-127.
    • Handle: RePEc:eee:phsmap:v:525:y:2019:i:c:p:119-127
    DOI: 10.1016/j.physa.2019.03.005
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    References listed on IDEAS

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    1. Friedman, Milton, 2002. "Capitalism and Freedom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264219, Febrero.
    2. Boldrin,Michele & Levine,David K., 2010. "Against Intellectual Monopoly," Cambridge Books, Cambridge University Press, number 9780521127264.
    3. Friedman, Milton, 2002. "Capitalism and Freedom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264202.
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