An Evolutionary Agent-based simulation model for the industry life cycle

B. Cornelia Lehmann-Waffenschmidt

No 10/08, Dresden Discussion Paper Series in Economics from Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

Abstract: In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific branches of industry. The results enable conclusions to be drawn for competition policy with regard to the workability of competition in the various phases of the ILC.

Keywords: Industry Life Cycle; Agent-Based Simulation Model; Evolutionary Economics (search for similar items in EconPapers)
JEL-codes: L10 L11 O12 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuddps:1008

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