Non-Price Competition in a Modular Economy. An Agent-Based Computational Model
學年 102
學期 1
出版（發表）日期 2013-12-01
作品名稱 Non-Price Competition in a Modular Economy. An Agent-Based Computational Model
作品名稱（其他語言）
著者 Chie, Bin-Tzong; Chen, Shu-Heng
單位 淡江大學產業經濟學系
出版者 Bologna: Societa Editrice Il Mulino
著錄名稱、卷期、頁數 Economia Politica 30(3), pp.273-300
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.
關鍵字
語言 en
ISSN 1120-2890
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Chen, Shu-Heng
審稿制度 是
國別 ITA
公開徵稿
出版型式 ,紙本
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