Niche overlap and limiting similarity: an ecological approach to the theory of the firm

Autor:	Matthew Gallagher
Rok vydání:	1993
Předmět:	Microeconomics Competition (economics) Economics and Econometrics Limiting similarity Theory of the firm Similarity (psychology) Economics Analogy Free market Theoretical ecology General Business Management and Accounting Industrial organization Variety (cybernetics)
Zdroj:	Journal of Evolutionary Economics. 3:63-77
ISSN:	1432-1386 0936-9937
Popis:	This paper suggests an approach, based upon an analogy with different species competing in the environment for fixed resources, to the question of why variety is such a persistent feature of free market economies. Attention is centred upon a market characterised by a group of consumers with a distribution of incomes, which leads to a continuum of demands for different output qualities. The identification of various sufficient conditions then allows the argument to proceed through a mathematical structure first outlined in the theoretical ecology literature, resulting in a precise prediction regarding the limit to similarity between firms. This results is then applied to the U.K. Supermarket industry in 1988, and is used to provide guidance to the state of competition within the industry in that year.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b57ceb7e0bed198b556608b5fa5ba491 https://doi.org/10.1007/bf01199989 Zobrazit plný text záznamu Plný text ve formátu PDF