A Model of Market Shares II

Requires a Wolfram Notebook System
Interact on desktop, mobile and cloud with the free Wolfram Player or other Wolfram Language products.
If firms randomly select a variety of a differentiated product, the characteristic right-skewed size-frequency distribution of market shares emerges. Previously, the skewed distribution was attributed to stochastic proportional growth.
Contributed by: Fiona Maclachlan (March 2011)
Open content licensed under CC BY-NC-SA
Snapshots
Details
detailSectionParagraphPermanent Citation
"A Model of Market Shares II"
http://demonstrations.wolfram.com/AModelOfMarketSharesII/
Wolfram Demonstrations Project
Published: March 7 2011