A study on market simulation with consumers in complex network

A study on market simulation with consumers in complex network

Economics of complex system has been proposed to clarify market mechanism with reality. We formulate market simulation model as discrete resource allocation problem based on the economics of complex systems. Three types of heterogeneous agents are defined in the complex virtual market. Complex netwo...

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Bibliographic Details
Published in:SICE Annual Conference 2011 pp. 499 - 504
Main Authors: Kaihara, T., Fujii, N., Notsu, T.
Format: Conference Proceeding
Language:English
Published: IEEE 01-09-2011
Subjects:
Adaptation models
Complex network
Complex networks
Correlation
Economics
Economics of complex systems
Joining processes
Market simulation
Marketing
Robustness
Social network services
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Summary:Economics of complex system has been proposed to clarify market mechanism with reality. We formulate market simulation model as discrete resource allocation problem based on the economics of complex systems. Three types of heterogeneous agents are defined in the complex virtual market. Complex network concept is introduced into the market simulation so as to realise social consumer network for information exchange. The applicability of the market simulation into producers' strategic decision makings is discussed.
ISBN:9781457707148
1457707144