The Evolution of Contestable Markets: A Computing Simulation

.
DOI: 10.4236/ib.2010.23037   PDF   HTML     4,257 Downloads   7,158 Views  

Abstract

This paper introduces a computing simulation of the evolution of contestable markets. The results show that the evolving outcome of contestable markets is a monopoly when the market demand is fixed. This computing simulation also tells us how information to influence the evolution of contestable markets. In the end, some advices are provided.

Share and Cite:

Z. Han, H. Zhang and M. He, "The Evolution of Contestable Markets: A Computing Simulation," iBusiness, Vol. 2 No. 3, 2010, pp. 295-299. doi: 10.4236/ib.2010.23037.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] Y. D. Yu, Y. Y. Zhang and B. W. Zheng, “Western Economics,” Economic Science Press, Beijing, 1997.
[2] N. D. Steven and E. B. Lawrence, “The New Palgrave Dictionary of Economics,” Economic Science Press, Beijing, Vol. 2, 1996.
[3] U. Wilensky, “NetLogo GenDrift P Global Model Center for Connected Learning and Computer-Based Modeling,” Northwestern University, Evanston, 2001.
[4] U. Wilensky, “NetLogo GenDrift P Local Model,” Center for Connected Learning and Computer-Based Modeling, Northwestern University, Evanston, 2001.

  
comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.