Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University

Jin-Hyuk Kim ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper 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 favors a choice of strategies that is serially independent of the previous round's payoffs.

Keywords: evolutionary dynamics; serial independence; competitive pressures; college admissions (search for similar items in EconPapers)
JEL-codes: C70 C90 (search for similar items in EconPapers)
Date: 2012-10-02
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Published in Applied Economics Letters 20 (2013): pp. 781-785

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82378

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