INCREASING RETURNS TO SCALE, DYNAMICS OF INDUSTRIAL STRUCTURE AND SIZE DISTRIBUTION OF FIRMS

被引:1
|
作者
Fan, Ying [1 ]
Li, Menghui [1 ]
Di, Zengru [1 ]
机构
[1] Beijing Normal Univ, Dept Syst Sci, Sch Management, Beijing 100875, Peoples R China
关键词
Increasing returns; industry dynamics; size distribution of firms;
D O I
10.1007/s11518-006-0019-8
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
A multi-agent model is presented to discuss the market dynamics and the size distribution of firms. The model emphasizes the effects of increasing returns to scale and gives the description of the born and death of adaptive producers. The evolution of market structure and its behavior under the technological shocks are investigated. Its dynamical results are in good agreement with some empirical "stylized facts" of industrial evolution. With the diversity of demand and adaptive growth strategies of firms, the firm size in the generalized model obeys the power-law distribution. Three factors mainly determine the competitive dynamics and the skewed size distributions of firms: 1. Self-reinforcing mechanism; 2. Adaptive firm growing strategies; 3. Demand diversity or widespread heterogeneity in the technological capabilities of firms.
引用
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页码:19 / 33
页数:15
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