Abstract
In this paper, the agent-based artificial market model is proposed as a simple model to describe the society as a multi-agent system. We examine the case study of competition on the standardization of video cassette recorders (VCR). In this case the compatibility of the video software is definitely important to choose the VCR. The simulation result shows that the communications among agents are breaking the symmetry of the market share, then the asymmetry is enlarged further with accelerated speed. The model is useful to understand what has happened in the technological lock-in phenomena.
| Original language | English |
|---|---|
| Title of host publication | Proceedings - International Conference on Multi Agent Systems, ICMAS 1998 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 437-438 |
| Number of pages | 2 |
| ISBN (Print) | 081868500X, 9780818685002 |
| DOIs | |
| Publication status | Published - 1998 Jan 1 |
| Event | 1998 International Conference on Multi Agent Systems, ICMAS 1998 - Pans, France Duration: 1998 Jul 3 → 1998 Jul 7 |
Other
| Other | 1998 International Conference on Multi Agent Systems, ICMAS 1998 |
|---|---|
| Country | France |
| City | Pans |
| Period | 98/7/3 → 98/7/7 |
ASJC Scopus subject areas
- Management Information Systems
- Communication
- Computer Networks and Communications
- Information Systems and Management
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Cite this
Iba, T., Takenaka, H., & Takefuji, Y. (1998). Agent-based artificial market model-the case study of de-facto standard on VCR market. In Proceedings - International Conference on Multi Agent Systems, ICMAS 1998 (pp. 437-438). [699251] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ICMAS.1998.699251