| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1093/icc/dty060 |
| ISBN | 0960-6491 |
| Replicator dynamics in value chains: explaining some puzzles of market selection. | |
| Cantner, Uwe; Savin, Ivan; Vannuccini, Simone | |
| 发表日期 | 2019-01-02 |
| 出处 | Industrial and Corporate Change |
| 出版者 | Oxford University Press |
| 出版年 | 2019 |
| 页码 | 589-611 |
| 语种 | 英语 |
| 摘要 | The pure model of replicator dynamics provides important insights in the evolution of markets but has not met with much empirical support. This article extends the model to the case of firms vertically integrated into value chains (VCs). Through an extended analytical model and numerical simulations, we show that (i) by taking VCs into account, the replicator dynamics may reverse its effect. In these ”regressive developments” of market selection, firms with low fitness expand because of being integrated with highly fit partners, and the other way around; (ii) allowing a partner’s switching re-introduces selection forces into the upper layers of VCs; and (iii) periods of instability in the early stage of the industry life cycle may be the result of an optimization’ of partners within a value chain, thus providing a novel and simple explanation of the evidence discussed earlier in the literature. |
| 特色分类 | HB0238 Competition. Monopolistic competition$HB0241 Production. Theory of the firm. Supply-side economics |
| URL | http://sro.sussex.ac.uk/id/eprint/81206/ |
| 来源智库 | Science Policy Research Unit (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/469161 |
| 推荐引用方式 GB/T 7714 | Cantner, Uwe,Savin, Ivan,Vannuccini, Simone. Replicator dynamics in value chains: explaining some puzzles of market selection.. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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