TY - CHAP
T1 - Firm entry diversity, resource space heterogeneity and market structure
AU - García-Díaz, César
AU - van Witteloostuijn, Arjen
PY - 2011
Y1 - 2011
N2 - Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.
AB - Evolutionary explanations of market structures have usually focused on the selection pressures impacted by a number of factors such as scale economies, niche width, firm size and consumer heterogeneity. How selection processes work in markets is highly dependent on the available firm type variation at entry. In order to explore the implications of different degrees of firm diversity at entry on posterior market selection processes, we develop an agent-based computational model. Results indicate that a proper understanding of market selection processes should, indeed, involve understanding the effects of firm type variation at market entry.
UR - http://www.scopus.com/inward/record.url?scp=84870541135&partnerID=8YFLogxK
U2 - 10.1007/978-3-642-21108-9_13
DO - 10.1007/978-3-642-21108-9_13
M3 - Chapter
AN - SCOPUS:84870541135
SN - 9783642211072
T3 - Lecture Notes in Economics and Mathematical Systems
SP - 153
EP - 164
BT - Emergent Results of Artificial Economics
A2 - Osinga, Sjoukje
A2 - Hofstede, Gert Jan
A2 - Verwaart, Tim
ER -