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

Journal of Economic Dynamics and Control

Volumn 29, Issue 1-2, 2005, Pages 245-276

  Harrington Jr , Joseph E ^a   Chang, Myong Hun ^b  

^a JOHNS HOPKINS UNIVERSITY   (United States)

^b CLEVELAND STATE UNIVERSITY   (United States)

Author keywords

Innovation; Market dominance; Search

Indexed keywords

EID: 11344254672     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2003.04.012     Document Type: Article

References (23)

1. Alós-Ferrer C. Ania A.B. Schenk-Hoppé K.R. An evolutionary model of Bertrand oligopoly Games and Economic Behavior 33 2000 1-19
2. Bagwell K. Ramey G. Spulber D.F. Dynamic retail price and investment competition RAND Journal of Economics 28 1997 207-227
3. Bergemann D. Välimäki J. Market diffusion with two-sided learning RAND Journal of Economics 28 1997 773-795
4. Burdett K. Coles M.G. Steady state price distributions in a noisy search equilibrium Journal of Economic Theory 72 1997 1-32
5. Cabral L. Riordan M. The learning curve, market dominance, and predatory pricing Econometrica 62 1994 1115-1140
6. Christensen C.M. The Innovator's Dilemma 1997 Harvard Business School Press Boston, MA
7. Currie M. Metcalfe S. Firm routines, customer switching and market selection under duopoly Journal of Evolutionary Economics 11 2001 433-456
8. Dunne P. Lusch R.F. Retailing 3rd Ed 1999 The Dryden Press Fort Worth TX
9. Farrell J. Saloner G. Installed base: Compatibility, innovation, product procurement, and predation American Economic Review 76 1986 940-955
10. Gale D. Rosenthal R.W. Experimentation, imitation, and stochastic stability Journal of Economic Theory 84 1999 1-40
11. Gigerenzer G. Todd P.M. ABC Research Group 1999. Simple Heuristics That Make Us Smart. Oxford University Press, New York
12. Harrington Jr. J.E. Chang M.-H. 2001. Co-evolution of firms and consumers and the implications for market dominance. Brookings Institution, Center for Social and Economic Dynamics, Working Paper No. 23
13. Hotelling H. Stability in competition Economic Journal 39 1929 41-57
14. Katz M.L. Shapiro C. Network externalities, competition, and compatibility American Economic Review 75 1985 424-440
15. Kotler P. Marketing Management: Analysis, Planning, Implementation, and Control 9th Ed 1997 Prentice-Hall Englewood Cliffs, NJ
16. Luo G.Y. Evolution and market competition Journal of Economic Theory 67 1995 223-250
17. Nicholls W.H. Price Policies in the Cigarette Industry 1951 Vanderbilt University Press Nashville, TN
18. Reichheld F.F. Sasser Jr. W.E. Zero defections: Quality comes to services Harvard Business Review 68 1990 105-111
19. Rhode P. Stegeman M. Non-Nash equilibria of Darwinian dynamics with applications to duopoly International Journal Of Industrial Organization 19 2001 415-453
20. Tanaka Y. Stochastically stable states in an oligopoly with differentiated goods: Equivalence of price and quantity strategies Journal Of Mathematical Economics 34 2000 235-253
21. Tennant R. The American Cigarette Industry 1950 Yale University Press New Haven, CT
22. Vega-Redondo F. The evolution of Walrasian behavior Econometrica 65 1997 375-384
23. Weisbuch G. Kirman A. Herreiner D. Market organisation and trading relationships Economic Journal 110 2000 411-436