Title :
An evolutionary theoretical model of firms in an industry: The replicon model
Author_Institution :
Dept. of Econ., Teikyo Univ., Tokyo, Japan
Abstract :
The replicon model, which was introduced to describe the evolution of gene distribution in biological populations, is adapted to represent the stochastic evolution of the size of a firm in a model industry. The replicon model is shown to clarify the underlying mechanism of technological evolution in industry using computer simulation.
Keywords :
industries; stochastic processes; biological populations; firms; gene distribution; industry; replicon model; stochastic evolution; Biological system modeling; Computational modeling; Evolution (biology); Industries; Predator prey systems; Sociology; Statistics;
Journal_Title :
Systems, Man and Cybernetics, IEEE Transactions on
DOI :
10.1109/TSMC.1985.6313446
