Full Citation

Title: Competition, Diversity and Quality

Citation Type: Journal Article

Publication Year: 2021

ISBN:

ISSN: 0378-4371

DOI: 10.1016/J.PHYSA.2020.125683

NSFID:

PMCID:

PMID:

Abstract: We study competition over populations (audiences, workers, students, etc.) Understanding how institutions, businesses and technologies offer solutions to diverse populations is increasingly important. We hypothesize a closed-form relationship among the amount of competition, population diversity and quality of solutions offered to populations. Typical homogeneous competition (e.g., in Supply–Demand–Price systems) becomes the special case of competition over populations with infinitesimal diversity, while competition over diverse populations leads to Competition–Diversity–Quality tradeoffs. We formulate this as a conservation-law for competitive systems and demonstrate that quality for population members is a periodic function of competition and diversity there. We consider the competition among movies, restaurants, schools, workers and countries (in world-wide trade).

Url: https://www.sciencedirect.com/science/article/pii/S037843712030981X

User Submitted?: No

Authors: Ribeiro, Andre F.

Periodical (Full): Physica A: Statistical Mechanics and its Applications

Issue:

Volume: 568

Pages: 125683

Data Collections: IPUMS USA

Topics: Population Mobility and Spatial Demography

Countries: