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- W2140641920 abstract "We construct an industry shakeout model based on the Cournot competition of firms each producing a differentiated product and adjusting their output according to the diffusion of their respective product. We investigate the resulting Lotka-Volterra dynamics and present a coexistence region that is a function of the interaction among the products. We show that as the products become less differentiated, the competition intensifies and the coexistence region contracts. The extent of the shakeout depends on the distribution of the competitive interactions among firms in the industry." @default.
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- W2140641920 date "2012-01-01" @default.
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- W2140641920 title "PRODUCT INTERACTIONS AND INDUSTRY SHAKEOUT" @default.
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- W2140641920 doi "https://doi.org/10.1142/s2010194512007994" @default.
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