Co-evolution of firms and consumers and the implications for market dominance

被引：6
|
作者：
Harrington, JE [1 ]
Chang, MH
机构：
[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA
[2] Cleveland State Univ, Dept Econ, Cleveland, OH 44115 USA
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2005年 / 29卷 / 1-2期
基金：
美国国家科学基金会;
关键词：
market dominance; innovation; search;
D O I：
10.1016/j.jedc.2003.04.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Consider a setting in which firms randomly discover new ideas that affect their products or services and implement favorable ones. At the same time that firms are adapting their offerings, consumers are searching among firms for the best match. It is shown that implicit in these dual dynamics is an increasing returns mechanism which can result in one firm dominating the market in the long run. The conditions under which there is sustained market dominance are characterized. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码：245 / 276
页数：32
相关论文
共 50 条
  • [1] Stimulating diffusion of green products - Co-evolution between firms and consumers
    Janssen, MA
    Jager, W
    JOURNAL OF EVOLUTIONARY ECONOMICS, 2002, 12 (03) : 283 - 306
  • [2] Co-evolution of Firms, Industries and Networks in Space
    Ter Wal, Anne L. J.
    Boschma, Ron
    REGIONAL STUDIES, 2011, 45 (07) : 919 - 933
  • [3] The local co-evolution of firms and governments in the Information Age
    Lundan, Sarianna
    Cantwell, John
    JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2020, 51 (09) : 1516 - 1528
  • [4] The local co-evolution of firms and governments in the Information Age
    Sarianna Lundan
    John Cantwell
    Journal of International Business Studies, 2020, 51 : 1516 - 1528
  • [5] Local integration and co-evolution of internationalizing Chinese firms
    Li, Wei
    Hendrischke, Hans
    THUNDERBIRD INTERNATIONAL BUSINESS REVIEW, 2020, 62 (04) : 425 - 439
  • [6] Co-evolution of firms and strategic alliances: Theory and empirical evidence
    Wilson, J.
    Hynes, N.
    TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2009, 76 (05) : 620 - 628
  • [7] THE CO-EVOLUTION OF PRO-MARKET REFORMS AND EMERGING MARKET MULTINATIONALS
    Cuervo-Cazurra, Alvaro
    EMERGING ECONOMIES AND MULTINATIONAL ENTERPRISES, 2015, : 71 - 94
  • [8] Co-evolution
    Samper, Cristian
    SMITHSONIAN, 2007, 38 (09) : 28 - 28
  • [9] Co-evolution
    Caravaggi, Lucina
    RI VISTA-RICERCHE PER LA PROGETTAZIONE DEL PAESAGGIO, 2022, (02): : 5 - 25
  • [10] Biological and biomedical implications of the co-evolution of pathogens and their hosts
    Mark E. J. Woolhouse
    Joanne P. Webster
    Esteban Domingo
    Brian Charlesworth
    Bruce R. Levin
    Nature Genetics, 2002, 32 : 569 - 577
12345