The Dynamic Hierarchical Structure of Intra-sector Competition and the Matabolic Competition among Firms
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| Title | The Dynamic Hierarchical Structure of Intra-sector Competition and the Matabolic Competition among Firms
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| Author | Meng Jie and Feng Jinhua |
| Organization | Institute for the Research of Das Kapital and Contemporary Issues, and Institute of Economics, Tsinghua University；Institute of Marxism, Shanghai University of Finance and Economics |
| Email | mengjie99@tsinghua.edu.cn； |
| Key Words | Marx；Evolutionary Economics； Hierarchical Structure of Intra-sector Competition；Metabolic Competition |
| Abstract | In Marx’s theory, intra-sector competition is based on so-called ‘specific capitalist mode of production’, which, according to Marx’s assumption, is homogeneous for different firms in a sector. In this article, we try to incorporate perspective of Evolutionary Economics into Marx’s theory, by proposing that it is likely for different firms in a sector to produce products belonging to the same sector, while using different technologies or different modes of production. As a result, a kind of dynamic hierarchical structure of intra-sector competition is likely to come into existence, which is characterized with the metabolic competition, i.e. competition for market share based upon different quality-price ratios, and therefore differing from Marx’s original model. |
| Serial Number | WP743 |
| Time | 2014-10-31 |
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