Competing R&D Strategies: Fixed rules v.s. Genetic algorithms

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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