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Does competition affect evolutionary dynamics? Evidence from a collegiate university created by Jin-Hyuk Kim

By: Material type: TextTextSeries: Applied economics letters ; Volume 20, number 9New York: Taylor and Francis, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 13504851
Subject(s): LOC classification:
  • HB1.A666 APP
Online resources: Abstract: This article shows that competition is inversely related to the strength of evolutionary dynamics using a collegiate university's admission statistics during the period 2004–2009. Specifically, estimated coefficients of the replicator dynamic equation is inversely related to the subject's applications-to-offers ratio. This suggests that competition favours a choice of strategies that is serially independent of the previous round's pay-offs.
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This article shows that competition is inversely related to the strength of evolutionary dynamics using a collegiate university's admission statistics during the period 2004–2009. Specifically, estimated coefficients of the replicator dynamic equation is inversely related to the subject's applications-to-offers ratio. This suggests that competition favours a choice of strategies that is serially independent of the previous round's pay-offs.

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