| 標題：Non-Price Competition in a Modular Economy. An Agent-Based Computational Model |
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| 學年 | 102 |
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| 學期 | 1 |
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| 出版（發表）日期 | 2013/12/01 |
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| 作品名稱 | Non-Price Competition in a Modular Economy. An Agent-Based Computational Model |
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| 作品名稱（其他語言） | |
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| 著者 | Chie, Bin-Tzong; Chen, Shu-Heng |
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| 單位 | 淡江大學產業經濟學系 |
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| 出版者 | Bologna: Societa Editrice Il Mulino |
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| 著錄名稱、卷期、頁數 | Economia Politica 30(3), pp.273-300 |
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| 摘要 | While it has been well acknowledged by economists for a long time that competition is not just about price, the conventional quantity-based economic models have had difficulties integrating price competition and quality competition into a coherent framework. In this paper, motivated by Herbert Simon's view of near decomposability or modularity, we propose a quality-based economic model called the modular economy. In this modular economy, quality is manifested by the evolutionary design of more sophisticated and customized products that can satisfy consumers' satisfaction to a higher degree. Two essential features of the modular economy are founded through the agent-based simulation of a duopolistic competition. First, market competition tends to be self-annihilating; the competition will eventually end up with a dominant or a monopoly firm (conglomerate). Second, the high-markup firm has a better chance to be the only survivor than its low-markup competitor. We analyze these features through the complex cyclical dynamics of prices, profits, dividends, investment, working capital, and quality. |
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| 關鍵字 | |
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| 語言 | 英文 |
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| ISSN | 1120-2890 |
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| 期刊性質 | 國外 |
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| 收錄於 | SSCI; |
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| 產學合作 | |
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| 通訊作者 | Chen, Shu-Heng |
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| 審稿制度 | 是 |
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| 國別 | 義大利 |
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| 公開徵稿 | |
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| 出版型式 | ,紙本 |
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