Welcome to the InfoSci Platform
Reference Hub1
Evolutionary Modeling and Industrial Structure Emergence

Evolutionary Modeling and Industrial Structure Emergence

H. Kwasnicka, W. Kwasnicki
Copyright: © 2007 |Pages: 20
ISBN13: 9781591409847|ISBN10: 1591409845|EISBN13: 9781591409854
DOI: 10.4018/978-1-59140-984-7.ch020
Cite Chapter Cite Chapter

MLA

Kwasnicka, H., and W. Kwasnicki. "Evolutionary Modeling and Industrial Structure Emergence." Handbook of Research on Nature-Inspired Computing for Economics and Management, edited by Jean-Philippe Rennard, IGI Global, 2007, pp. 281-300. https://doi.org/10.4018/978-1-59140-984-7.ch020

APA

Kwasnicka, H. & Kwasnicki, W. (2007). Evolutionary Modeling and Industrial Structure Emergence. In J. Rennard (Ed.), Handbook of Research on Nature-Inspired Computing for Economics and Management (pp. 281-300). IGI Global. https://doi.org/10.4018/978-1-59140-984-7.ch020

Chicago

Kwasnicka, H., and W. Kwasnicki. "Evolutionary Modeling and Industrial Structure Emergence." In Handbook of Research on Nature-Inspired Computing for Economics and Management, edited by Jean-Philippe Rennard, 281-300. Hershey, PA: IGI Global, 2007. https://doi.org/10.4018/978-1-59140-984-7.ch020

Export Reference

Mendeley
Favorite

Abstract

In the first part of the chapter, an outline of the evolutionary model of industrial dynamics is presented. The second part deals with a simulation study of the model focused on identification of necessary conditions for emergence of different industrial strictures. Textbooks of traditional economics distinguish four typical industry structures and study them under the names of pure competition, pure monopoly, oligopoly, and monopolistic competition. Variations in behavior modes of differently concentrated industries ought to be an outcome of the cooperation of well-understood evolutionary mechanisms, and not the result of juggling differently placed curves representing supply, demand, marginal revenue, marginal cost, average costs, and so forth. Textbook analysis of industrial structures usually omits influence of innovation on market behavior. Evolutionary approach and simulation allow for such analysis and through that allow enriching the industrial development study. One of the important conclusions from this chapter is that evolutionary analysis may be considered as a very useful and complementary tool to teach economics.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.