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Title:An Evolutionary Agent-based simulation model for the industry life cycle PDF Logo
Authors:Lehmann-Waffenschmidt, B. Cornelia
Issue Date:2008
Series/Report no.:Dresden discussion paper series in economics 10/08
Abstract:In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific branches of industry. The results enable conclusions to be drawn for competition policy with regard to the workability of competition in the various phases of the ILC.
Subjects:Industry Life Cycle
Agent-Based Simulation Model
Evolutionary Economics
JEL:L10
L11
O12
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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