Consumer network and market dynamics

Satoshi Itoh, Yasuyuki Murakami, Takashi Iba

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

1 Citation (Scopus)

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.

Original languageEnglish
Title of host publicationProceedings of the 9th Joint Conference on Information Sciences, JCIS 2006
DOIs
Publication statusPublished - 2006 Dec 1
Event9th Joint Conference on Information Sciences, JCIS 2006 - Taiwan, ROC, Taiwan, Province of China
Duration: 2006 Oct 82006 Oct 11

Publication series

NameProceedings of the 9th Joint Conference on Information Sciences, JCIS 2006
Volume2006

Other

Other9th Joint Conference on Information Sciences, JCIS 2006
CountryTaiwan, Province of China
CityTaiwan, ROC
Period06/10/806/10/11

Keywords

  • Agent-based simulation
  • Artificial market
  • Market structure
  • Social network

ASJC Scopus subject areas

  • Engineering(all)

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