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We have developed an agent-based computational model, extension of an analytical model1 that studies the structure of coalitions of B-to-C web sites, when Internet buyers incur search costs for finding the good that matches their preferences, and coalitions of sites reduce this cost through...
Persistent link: https://www.econbiz.de/10005342857
In this paper we explore the information processing problem of the firm by modeling the firm as type of network, which …
Persistent link: https://www.econbiz.de/10005345065
the results generated by traditional game theory. This paper aims to find to what extent these discrepancies between … theory and experiments can be explained by the effects of bounded rationality and learning dynamics. These are modeled by …
Persistent link: https://www.econbiz.de/10005345615
The purpose of this paper is to analyze how heterogeneous behaviors of agents influence the exchange rates dynamic in the short and long terms. We examine how agents use the information and which kind of information, in order to take theirs decisions to form an expectation of the exchange rate....
Persistent link: https://www.econbiz.de/10005537618
This paper explores the question whether boundedly rational agents learn to behave optimally when asked to voluntarily contribute to a public good. The decision process of individuals is described by an Evolutionary Algorithm. We find that the contribution level converges towards the Nash...
Persistent link: https://www.econbiz.de/10005537778
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, a model of optimal adoption of e-commerce innovation is presented. In this model web companies are assumed to behave in … an imitative way: facing an innovation of uncertain profitability, they perceive the adoption decisions of other e …-traders as favourable signals. This behaviour generates a network of cross-monitoring companies that is here modeled as a …
Persistent link: https://www.econbiz.de/10005345617
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