The effect of competition between two spatially separated markets - An investigation of two interlinked Bak-Sneppen models

This paper investigates the effect of competition in a market consisting of interlinked economic agents. In particular, the effect of increased competition from the surrounding markets is demonstrated. The presented work is an extension of the Bak-Sneppen model (Bak and Sneppen 1993). Here are two Bak-Sneppen models interlinked such that if the lowest fitness value of one market exceeds the fitness values of the other market minus transportation cost, all cells lower than this band will receive a new random value. The model shows that interdependency between markets has a strong effect on the competitiveness of the least competitive market. The external competition is able to make the least competitive market perform better as well as worse than on its own.Bak-Sneppen model, interdependency, competition, Marketing,

Empirical investigation on labour market interactions in an enlarged Europe

This paper proposes an empirical assessment of economic interactions between the labour markets of the integrating EU over the period of time 1995–2005. Drawing on recently made available industry statistics, we provide a sector level study (13 tradable sectors, including manufacturing and services), analysing the contemporary evolution of domestic and trade partners’ employment levels. Given the intensification of trade relations as a result of ongoing integration process, we build a sector-specific measure of economic interdependency, based on information on labour markets’ performance and weighted by the magnitude of intra-EU trade flows (imports). The estimates of a dynamic empirical model confirm the interactions between employment levels in different Member States. Domestic employment in NMS-5 is rather positively affected by the expansion of labour markets in other EU’s trade partners (domestic employment levels in NMS-5 countries improve in parallel to the increase in foreign tradable sectors’ employment). The opposite holds true for EU-15 domestic labour markets that are rather challenged by the expansion of tradable sectors in their EU trade partners.EU integration, labour markets, trade

Emerging Search Regimes: Measuring Co-evolutions among Research, Science, and Society

Scientometric data is used to investigate empirically the emergence of search regimes in Biotechnology, Genomics, and Nanotechnology. Complex regimes can emerge when three independent sources of variance interact. In our model, researchers can be considered as the nodes that carry the science system. Research is geographically situated with site-specific skills, tacit knowledge and infrastructures. Second, the emergent science level refers to the formal communication of codified knowledge published in journals. Third, the socio-economic dynamics indicate the ways in which knowledge production relates to society. Although Biotechnology, Genomics, and Nanotechnology can all be characterised by rapid growth and divergent dynamics, the regimes differ in terms of self-organization among these three sources of variance. The scope of opportunities for researchers to contribute within the constraints of the existing body of knowledge are different in each field. Furthermore, the relevance of the context of application contributes to the knowledge dynamics to various degrees

Evolutionary Concept, Genetic Algorithm and Exhibition Contract in Movie Industry

The paper is about application of evolutionary concept, particularly the application of natural selection process, to the study of movie industry. The importance of the application is that it allows for the heterogeneity and interdependency of market agents in analyzing the economic choice decision. This complexity always presents an obstacle to the study of market behavior, especially when one has to take into account the constant reinforcing effects among the variables, which often renders the problem elusive. The paper intends to explain the economic process, particularly the evolution of exhibition contract, taking into account this complexity through the use of evolutionary concept.Evolutionary selection; opportunity costs; learning and sharing rule

Evolutionary Concept, Genetic Algorithm and Exhibition Contract in Movie Industry

The paper is about application of evolutionary concept, particularly the application of natural selection process, to the study of movie industry. The importance of the application is that it allows for the heterogeneity and interdependency of market agents in analyzing the economic choice decision. This complexity always presents an obstacle to the study of market behavior, especially when one has to take into account the constant reinforcing effects among the variables, which often renders the problem elusive. The paper intends to explain the economic process, taking into account this complexity through the use of evolutionary concept.Evolutionary selection; opportunity costs; learning and sharing rule

The Triple Helix Perspective of Innovation Systems

Alongside the neo-institutional model of networked relations among universities, industries, and governments, the Triple Helix can be provided with a neo-evolutionary interpretation as three selection environments operating upon one another: markets, organizations, and technological opportunities. How are technological innovation systems different from national ones? The three selection environments fulfill social functions: wealth creation, organization control, and organized knowledge production. The main carriers of this system-industry, government, and academia-provide the variation both recursively and by interacting among them under the pressure of competition. Empirical case studies enable us to understand how these evolutionary mechanisms can be expected to operate in historical instance. The model is needed for distinguishing, for example, between trajectories and regimes

Transparency dilemmas, information technology and alliances in agriculture and food industry

alliance, agriculture, food industry

Common Territory? : Comparing the IMP Approach with Economic Geography

The IMP research tradition has always been open to the cross-fertilisation of ideas with other social science disciplines that study similar phenomena. Recent years have seen a growing interest among IMP researchers in phenomena such as regional strategic networks, spatial clusters and innovation and new business development in networks. IMP papers published on these topics are increasingly citing conceptual frameworks and empirical findings from the field of economic geography. This paper discusses the development of IMP thought and the development of thought in economic geography (particularly evolutionary economic geography), and compares their approaches to the analysis of regional phenomena. The goal is to identify key ideas from economic geography that have been under-exploited in IMP research, in order to suggest original new approaches available to IMP researchers interested in these fields. A number of such ideas are explored: proximity as a multi-dimensional and multi-faceted concept; the distinction between, and relative importance of, learning activities arising automatically from being embedded in a community (local or regional buzz) and learning activities arising from positive investment in channels of communication (pipelines); the concept of relational capital developed by economic geographers; and, conceptualisations of externalities commonly used in the study of spatial clustersPeer reviewedFinal Accepted Versio

Industrial districts as organizational environments: resources, networks and structures

The paper combines economic and sociological perspectives on organizations in order to gain a better understanding of the forces shaping the structures of industrial districts (IDs) and the organizations of which they are constituted. To effect the combination , the resource based view (RBV) and resource dependency theory are combined to explain the evolution of different industry structures. The paper thus extends work by Toms and Filatotchev by spatializing consideration of resource distribution and resource dependence. The paper has important implications for conventional interpretations in the fields of business and organizational history and for the main areas of theory hitherto considered separately, particularly the Chandlerian model of corporate hierarchy as contrasted with the alternative of clusters of small firms coordinated by networks