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Studying market selection in Russia and abroad: Measurement problems, national specificity and stimulating methods

Author

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  • Savin, I.

    (Ural Federal University named after the first President of Russia B.N. Yeltsin, Yekaterinburg, Russia
    Institute of Environmental Science and Technology (ICTA), Autonomous University of Barcelona, Spain)

Abstract

This article is devoted to the model of replicator dynamics as an evolutionary theory of competition between firms in economics. We describe in detail how to test this model based on empirical data, as well as the advantages and disadvantages of these methods. The results of testing the replicator dynamics model serve as a measure of the intensity of market selection in an economy. An overview of studies that have tested the replicator dynamics model abroad and in Russia is given. A number of conclusions is drawn about the specificity of functioning of market selection in Russia, in particular, about the presence of a large number of low-performing companies (zombie firms). Several proposals are also being made to stimulate competition in order to accelerate economic growth. In the conclusion, we suggest ways on how to improve the model of replicator dynamics taking into account value chains, and provide information about changes in the assessment of market selection based on world input-output data.

Suggested Citation

  • Savin, I., 2020. "Studying market selection in Russia and abroad: Measurement problems, national specificity and stimulating methods," Journal of the New Economic Association, New Economic Association, vol. 48(4), pages 197-204.
    • Handle: RePEc:nea:journl:y:2020:i:48:p:197-204
    DOI: 10.31737/2221-2264-2020-48-4-9
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    References listed on IDEAS

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    1. Giulio Bottazzi & Giovanni Dosi & Nadia Jacoby & Angelo Secchi & Federico Tamagni, 2010. "Corporate performances and market selection: some comparative evidence," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(6), pages 1953-1996, December.
    2. Krüger, Jens & Cantner, Uwe & Söllner, R., 2012. "Product Quality, Product Price, and Share Dynamics in the German Car Market," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 63650, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. Metcalfe, J S, 1994. "Competition, Fisher's Principle and Increasing Returns in the Selection Process," Journal of Evolutionary Economics, Springer, vol. 4(4), pages 327-346, November.
    4. Uwe Cantner & Ivan Savin & Simone Vannuccini, 2019. "Replicator dynamics in value chains: explaining some puzzles of market selection," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(3), pages 589-611.
    5. Uwe Cantner & Jens J. Krüger & René Söllner, 2012. "Product quality, product price, and share dynamics in the German compact car market," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(5), pages 1085-1115, October.
    6. Ivan Savin & Oleg Mariev & Andrey Pushkarev, 2019. "Survival of the Fittest? Measuring the Strength of Market Selection on the Example of the Urals Federal District," HSE Economic Journal, National Research University Higher School of Economics, vol. 23(1), pages 90-117.
    7. Giovanni Dosi & Daniele Moschella & Emanuele Pugliese & Federico Tamagni, 2015. "Productivity, market selection, and corporate growth: comparative evidence across US and Europe," Small Business Economics, Springer, vol. 45(3), pages 643-672, October.
    8. Mazzucato, Mariana, 1998. "A computational model of economies of scale and market share instability," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 55-83, March.
    9. Mundt, Philipp & Cantner, Uwe & Inoue, Hiroyasu & Savin, Ivan & Vannuccini, Simone, 2021. "Market selection in global value chains," BERG Working Paper Series 170, Bamberg University, Bamberg Economic Research Group.
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    Cited by:

    1. Ivan Savin & Maria Novitskaya, 2023. "Data-driven definitions of gazelle companies that rule out chance: application for Russia and Spain," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(3), pages 507-542, September.
    2. Philipp Mundt & Ivan Savin & Uwe Cantner & Hiroyasu Inoue & Simone Vannuccini, 2023. "Peer Effects in Productivity and Differential Growth: A Global Value-Chain Perspective," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(6), pages 1267-1285.

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    More about this item

    Keywords

    competition; market selection; firm growth; replicator dynamics; zombie firms;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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