Does competition affect evolutionary dynamics? Evidence from a collegiate university

Jin-Hyuk Kim ()

Applied Economics Letters, 2013, vol. 20, issue 8, 781-785

Abstract: This article shows that competition is inversely related to the strength of evolutionary dynamics using a collegiate university's admission statistics during the period 2004--2009. Specifically, estimated coefficients of the replicator dynamic equation is inversely related to the subject's applications-to-offers ratio. This suggests that competition favours a choice of strategies that is serially independent of the previous round's pay-offs.

Date: 2013
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Working Paper: Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University (2012)
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DOI: 10.1080/13504851.2012.744131

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