Article: A Niche Approach for Modeling Economic Competition.
Nonlinear dynamics, psychology, and life sciences
2024 Volume 28, Issue 2, Page(s) 165–184
Abstract: The use of predator-prey models in economics has a long history, and the model equations have largely evolved since the original Lotka-Volterra system towards more realistic descriptions of the economic dynamics of predation, competition, and synergy. ... ...
Abstract | The use of predator-prey models in economics has a long history, and the model equations have largely evolved since the original Lotka-Volterra system towards more realistic descriptions of the economic dynamics of predation, competition, and synergy. Seminal examples in this regard are the business cycle model (Goodwin, 1967), chaotic hysteresis (Rosser, 1994), and the models of renewable resources (Clark, 1990). Given this background, this paper aims to analyse the mechanism of economic competition under different conditions, by adopting the unifying framework of niche models. Niche models are dynamic competition models that allow for a richer description of the interacting economic variables than the neoclassical economic theory. We conduct a qualitative study of the dynamic behaviour of firms of different types/sizes in the province di Bologna (Italy), analyzing - in discrete time - their competition through simula-tion experiments. It emerges that the economic system under analysis is coherent with different (in)stability patterns depending on different configurations of the firms within the market, by confirming the theory of industrial districts in the northeast of Italy. |
---|---|
Language | English |
Publishing date | 2024-03-20 |
Publishing country | United States |
Document type | Journal Article |
ZDB-ID | 2004049-0 |
ISSN | 1573-6652 ; 1090-0578 |
ISSN (online) | 1573-6652 |
ISSN | 1090-0578 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
More links
Kategorien
In stock of ZB MED Cologne/Königswinter
Zs.A 6494: Show issues | Location: Je nach Verfügbarkeit (siehe Angabe bei Bestand) bis Jg. 2021: Bestellungen von Artikeln über das Online-Bestellformular ab Jg. 2022: Lesesaal (EG) |
Order via subito
This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.