A class of autocatalytic reaction networks based on template-dependent
replication and specific catalysis is considered. Trimolecular ''elem
entary steps'' of simple replicator dynamics are resolved into two con
secutive irreversible reactions. The extreme cases, competition for co
mmon resources and hypercycle-like cooperative feedback, were analyzed
in some detail. Although the dynamics of the extended networks resemb
les corresponding replicator dynamics in general, there are significan
t differences. Most notably, the interior fixed points in the cooperat
ive model turned out to be asymptotically stable for an arbitrary numb
er of species, whereas simple replicator dynamic predicts an asymptoti
cally stable periodic orbit fixed for four species and fewer and a sta
ble periodic orbit for all other cases. (C) Elsevier Science Inc., 199
7.