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Micro-level Adaptation, Macro-level Selection, and the Dynamics of Market Partitioning

Cesar Garcia-Diaz | Published Monday, October 19, 2015 | Last modified Monday, October 19, 2015

This model simulates the emergence of a dual market structure from firm-level interaction. Firms are profit-seeking, and demand is represented by a unimodal distribution of consumers along a set of taste positions.

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