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Co-evolution of firms and consumers and the implications for market dominance

机译:企业和消费者的共同进化及其对市场主导地位的影响

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摘要

Consider a setting in which firms randomly discover new ideas that affect their products or services and implement favorable ones. At the same time that firms are adapting their offerings, consumers are searching among firms for the best match. It is shown that implicit in these dual dynamics is an increasing returns mechanism which can result in one firm dominating the market in the long run. The conditions under which there is sustained market dominance are characterized.
机译:考虑一种环境,在这种环境中,企业会随机发现会影响其产品或服务并实施有利的想法。在公司调整其产品的同时,消费者也在公司之间寻找最佳匹配。结果表明,在这些双重动力中隐含的是一种不断增长的回报机制,从长远来看,这可能会导致一家公司主导市场。确定持续市场主导地位的条件。

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