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Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University

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  • Kim, Jin-Hyuk

Abstract

This paper shows that competition is inversely related to the strength of evolutionary dynamics using a Collegiate University's admission statistics during the period 2004--2009. Specifically, estimated coefficients of the replicator dynamic equation is inversely related to the subject's applications-to-offers ratio. This suggests that competition favors a choice of strategies that is serially independent of the previous round's payoffs.

Suggested Citation

  • Kim, Jin-Hyuk, 2012. "Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University," MPRA Paper 82378, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82378
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    File URL: https://mpra.ub.uni-muenchen.de/82378/1/MPRA_paper_82378.pdf
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    References listed on IDEAS

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    1. Mark Walker & John Wooders, 2001. "Minimax Play at Wimbledon," American Economic Review, American Economic Association, vol. 91(5), pages 1521-1538, December.
    2. P.-A. Chiappori, 2002. "Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer," American Economic Review, American Economic Association, vol. 92(4), pages 1138-1151, September.
    3. Friedman, Daniel, 1991. "Evolutionary Games in Economics," Econometrica, Econometric Society, vol. 59(3), pages 637-666, May.
    4. Ignacio Palacios-Huerta, 2001. "Professionals Play Minimax," Working Papers 2001-17, Brown University, Department of Economics.
    5. Ignacio Palacios-Huerta, 2003. "Professionals Play Minimax," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 395-415.
    6. Shih-Hsun Hsu & Chen-Ying Huang & Cheng-Tao Tang, 2007. "Minimax Play at Wimbledon: Comment," American Economic Review, American Economic Association, vol. 97(1), pages 517-523, March.
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    Cited by:

    1. Debadutta K. Panda, 2019. "Competitive dynamics in not-for-profit organizations: evidence from India," Asia Pacific Journal of Management, Springer, vol. 36(4), pages 1251-1274, December.

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    More about this item

    Keywords

    evolutionary dynamics; serial independence; competitive pressures; college admissions;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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