Bertrand Competition with Network Effects and Switching Costs: An Agent-based Computational Approach
Journal: Yildiz Social Science Review (Vol.2, No. 1)Publication Date: 2016-05-30
Authors : Kutay Hakkı Çilingiroğlu;
Page : 65-86
Keywords : Agent-based Computational Economics; Switching Costs; Network Effects; Simulation;
Abstract
Economics is a complex system that requires different approaches for analysis. I analyzed switching costs
and network effects together with a new simulation approach to modeling systems composed of autonomous and interacting agents. Agent based computational economics is one of the simulation tools and an efficient tool box for complex economic systems. I developed an agent based computational model of duopolistic competition to analyze how the network effects and switching costs shape competitive outcomes by simulation methods.
Other Latest Articles
- Reason, Passion and Participation: Paradoxes of Deliberative Democracy
- Consumers' Willingness to Pay for Environmental Attributes of a Cut Flower in Ethiopia: A Choice Experiment Approach
- Benefit Segmentation of Internet Users and Their Addictive Behavior
- 2008 Krizi ve Makroiktisatta Bazı Sorgulamalar: Evrimci Makro İktisada Doğru mu?
- Örgüt ve Yönetimde Makina Metaforunun Açmazları: `Interregnum'da Ontolojik ve Epistemolojik Yenilenme
Last modified: 2017-02-17 07:45:50