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Title:Competition and the Evolution of Market Structure in the E-conomy : A Simulation Analysis PDF Logo
Authors:Friedrich, B. Cornelia
Issue Date:2004
Series/Report no.:Dresden discussion paper in economics 02/04
Abstract:In this paper an evolutionary simulation model, based on replicator dynamics, is developed. The purpose is to identify changes in the patterns of evolution of the market structure caused by Information and Communication Technologies (ICT) in the E-conomy in comparison to the Old Economy (without ICT). The relationship between the two economy concepts can be summed up from an industrial organization point of view with the help of stylized facts about the evolution of the market structure as phases in an industrial life cycle. The simulation results show that economic development progresses from the E-conomy to the (next) Old Economy.
Subjects:Industrial life cycle
ICT
Evolution of market structure
Replicator dynamics
Simulation analysis
JEL:L11
O12
D43
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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