Sznajd-Weron, Katarzyna; Weron, Rafal; Wloszczowska, Maja - Volkswirtschaftliche Fakultät, … - 2008
In this paper we introduce two models of opinion dynamics in oligopoly markets and apply them to a situation, where a new entrant challenges two incumbents of the same size. The models differ in the way the two forces influencing consumer choice - (local) social interactions and (global)...
