Munich Personal RePEc Archive

Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University

Kim, Jin-Hyuk (2012): Does Competition Affect Evolutionary Dynamics? Evidence from a Collegiate University. Published in: Applied Economics Letters No. 20 (2013): pp. 781-785.

[img]
Preview
PDF
MPRA_paper_82378.pdf

Download (126kB) | Preview

Abstract

This paper 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 favors a choice of strategies that is serially independent of the previous round's payoffs.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.