A Computational Model of Industry Dynamics

ISBN-13: 9780367599812 / Angielski / Miękka / 2020 / 142 str.

Myong-Hun Chang

Opis

This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves

Spis treści

1. Non-Equilibrium Dynamics in the Evolution of Industries 2. Models of Industry Dynamics 3. A Dynamic Model of Schumpeterian Competition 4. Growing an Industry in silico 5. Shakeouts: Limited Foresight, Technological Shocks, and Transient Industry Dynamics 6. Industry Dynamics in the Steady State: Between-Industry Variations 7. Firm Dynamics in the Steady State: Within-Industry Variations 8. Cyclical Industrial Dynamics with Fluctuating Demand 9. Conclusion

O autorze

Myong-Hun Chang is Professor and Chair of the Department of Economics, Cleveland State University, USA.