title: |
Consumer Network and Market Dynamics |
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publication: |
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part of series: |
Advances in Intelligent Systems Research | |
ISBN: |
978-90-78677-01-7 | |
ISSN: |
1951-6851 | |
DOI: |
doi:10.2991/jcis.2006.51 (how to use a DOI) | |
author(s): |
Satoshi Itoh, Yasuyuki Murakami, Takashi Iba |
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corresponding author: |
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publication date: |
October 2006 |
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keywords: |
Artificial Market, Agent-Based Simulation, Social Network, Market Structure |
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abstract: |
This paper suggests that the interaction between consumers has an impact on market structure, in addition to each consumer’s own behavior. In this paper, we replicate the artificial market model proposed by Onozaki and Yanagita, and extend it by adding the network of consumers in order to show that the interaction between consumers in the market affects emerging and changing the market structure. Onozaki-Yanagita model, which is made under the idea that oligopolistic state in a market is the result of competitive situations, shows monopoly and oligopoly come out of them. We put various network structures of consumers to the model, and realize that the interaction between consumers influences in shaping the market structure. |
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copyright: |
©
Atlantis Press. This article is distributed under the
terms of the Creative Commons Attribution License, which permits
non-commercial use, distribution and reproduction in any medium,
provided the original work is properly cited. |
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full text: |