Competing R&D Strategies: Fixed rules v.s.
You can find a full description
of this model at this page.
Click the "Compute" button after having changed values of
parameters.. If you choose to do more than one simulation, you can only observe
the results of the last simulation in the output panels:
- The panel NWFirm gives the results of the first NWFirm;
- The panel Champion gives, at each period, the characteristics
of the firm with the highest productivity;
- The panel Aggregate gives some global indicators on the
evolution of the industry (market price, market concentration, AverageProd/MaxProd
ratio, Number of active firms, Market share of GenFirms, Capital share of
GenFirms, Cumulated profit of GenFirms).
Important note: This applet takes sometime
to download, please be patient. You can read the documentation
while you are waiting.
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© Murat Yildizoglu, March 12, 2001, v.1.0