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An evolutionary theoretical model of firms in an industry: The replicon model

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1 Author(s)
Mishiyama, K. ; Dept. of Econ., Teikyo Univ., Tokyo, Japan

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.

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Systems, Man and Cybernetics, IEEE Transactions on  (Volume:SMC-15 ,  Issue: 5 )