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Evolutionary game theory and organizational ecology: The case of resource-partitioning theory

  • ZHOU, Chaohong
  • VAN WITTELOOSTUIJN, Arjen
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    In this paper, we construct a mathematical model that applies tools from evolutionary game theory to issues in organizational ecology. Evolutionary game theory shares the key feature of mathematical rigor with the industrial organization tradition, but is similar to organizational ecology by emphasizing evolutionary dynamics. Evolutionary game theory may well be a complementary modeling tool for the analytical study of organizational ecology issues, next to formal logic, standard game theory, and agent-based simulation. We illustrate this claim in the context of resource-partitioning theory. We assess the impact of an organization population’s resource space shape and scale economies on organizational performance and market evolution. The model demonstrates that the shift of resource distribution from homogeneous (heterogeneous) to heterogeneous (homogeneous) benefits specialism (generalism). On top of that, we offer a new result by revealing the distinct effects of external and internal scale economies on market evolution.

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    Paper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2009002.

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    Length: 58 pages
    Date of creation: May 2009
    Date of revision:
    Handle: RePEc:ant:wpaper:2009002
    Contact details of provider: Postal: Prinsstraat 13, B-2000 Antwerpen
    Web page: https://www.uantwerp.be/en/faculties/applied-economic-sciences/

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    1. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    2. A. van Witteloostuijn & J. A. H. Maks, 1990. "Walras on Temporary Equilibrium and Dynamics," History of Political Economy, Duke University Press, vol. 22(2), pages 223-237, Summer.
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    4. Roch Parayre & Dileep Hurry, 2001. "Corporate investment and strategic stability in hypercompetition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(4-5), pages 281-298.
    5. Friedman, Daniel, 1991. "Evolutionary Games in Economics," Econometrica, Econometric Society, vol. 59(3), pages 637-66, May.
    6. Rhode, Paul & Stegeman, Mark, 2001. "Non-Nash equilibria of Darwinian dynamics with applications to duopoly," International Journal of Industrial Organization, Elsevier, vol. 19(3-4), pages 415-453, March.
    7. Martin Ruef, 2004. "For whom the bell tolls: ecological perspectives on industrial decline and resurgence," Industrial and Corporate Change, Oxford University Press, vol. 13(1), pages 61-89, February.
    8. Novshek, William & Sonnenschein, Hugo, 1987. "General Equilibrium with Free Entry: A Synthetic Approach to the Theory of Perfect Competition," Journal of Economic Literature, American Economic Association, vol. 25(3), pages 1281-1306, September.
    9. Weibull, Jörgen W., 1992. "An Introduction to Evolutionary Game Theory," Working Paper Series 347, Research Institute of Industrial Economics.
    10. Vickers, John, 1985. "Delegation and the Theory of the Firm," Economic Journal, Royal Economic Society, vol. 95(380a), pages 138-47, Supplemen.
    11. Krugman, Paul, 1995. "Increasing returns, imperfect competition and the positive theory of international trade," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 24, pages 1243-1277 Elsevier.
    12. Daniel Friedman, 2010. "On Economic Applications of Evolutionary Game Theory," Levine's Working Paper Archive 53, David K. Levine.
    13. Peli, Gabor & Nooteboom, Bart, 1997. "Market partitioning and the geometry of the resource space," Research Report 97B40, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    14. Friedman, Daniel & K., C. Fung, 1996. "International trade and the internal organization of firms: An evolutionary approach," Journal of International Economics, Elsevier, vol. 41(1-2), pages 113-137, August.
    15. Hopkins, Ed, 1997. " Evolving Game Theory," Journal of Economic Surveys, Wiley Blackwell, vol. 11(1), pages 101-06, March.
    16. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
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