Consumer Network and Market Dynamics
Satoshi Itoh 0, Yasuyuki Murakami, Takashi Iba
0Faculty of Policy Management, Keio University
Available Online October 2006.
- https://doi.org/10.2991/jcis.2006.51How to use a DOI?
- Artificial Market, Agent-Based Simulation, Social Network, Market Structure
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Satoshi Itoh AU - Yasuyuki Murakami AU - Takashi Iba PY - 2006/10 DA - 2006/10 TI - Consumer Network and Market Dynamics BT - 9th Joint International Conference on Information Sciences (JCIS-06) PB - Atlantis Press SP - 211 EP - 214 SN - 1951-6851 UR - https://doi.org/10.2991/jcis.2006.51 DO - https://doi.org/10.2991/jcis.2006.51 ID - Itoh2006/10 ER -