Agent-based artificial market model-the case study of de-facto standard on VCR market

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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 languageEnglish
Title of host publicationProceedings - International Conference on Multi Agent Systems, ICMAS 1998
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages437-438
Number of pages2
ISBN (Print)081868500X, 9780818685002
DOIs
Publication statusPublished - 1998 Jan 1
Event1998 International Conference on Multi Agent Systems, ICMAS 1998 - Pans, France
Duration: 1998 Jul 31998 Jul 7

Other

Other1998 International Conference on Multi Agent Systems, ICMAS 1998
CountryFrance
CityPans
Period98/7/398/7/7

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ASJC Scopus subject areas

  • Management Information Systems
  • Communication
  • Computer Networks and Communications
  • Information Systems and Management

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