Matches in SemOpenAlex for { <https://semopenalex.org/work/W2156141445> ?p ?o ?g. }
Showing items 1 to 60 of
60
with 100 items per page.
- W2156141445 abstract "This paper studies a version of the classical Bertrand model in which consumers exhibit some strategic behavior when deciding from what seller they will buy. We use two related but different tools. Both consider a probabilistic learning (or evolutionary) mechanism, and in the two of them consumers' behavior influences the competition between the sellers. The results obtained show that, in general, developing some sort of loyalty is a good strategy for the buyers as it works in their best interest. First, we consider a learning procedure described by a deterministic dynamic system and, using strong simplifying assumptions, we can produce a description of the behavior of the process. Second, we use finite automata to represent the strategies played by the agents and an adaptive process based on genetic algorithms to simulate the stochastic process of learning. By doing so we can relax some of the strong assumptions used in the first approach and still obtain the same basic results. It is suggested that the limitations of the first approach (analytical) provide a good motivation for the second approach (Agent-Based). Indeed, although both approaches address the same problem, the use of Agent-Based computational techniques allows us to relax hypothesis and overcome the limitations of the analytical approach while obtaining the same basic results." @default.
- W2156141445 created "2016-06-24" @default.
- W2156141445 creator A5031635298 @default.
- W2156141445 date "2008-03-31" @default.
- W2156141445 modified "2023-10-17" @default.
- W2156141445 title "A Model-To-Model Analysis of Bertrand Competition" @default.
- W2156141445 cites W1960351623 @default.
- W2156141445 cites W1970081934 @default.
- W2156141445 cites W1984093548 @default.
- W2156141445 cites W1994285570 @default.
- W2156141445 cites W2020102904 @default.
- W2156141445 cites W2071419362 @default.
- W2156141445 cites W2127808790 @default.
- W2156141445 cites W2164789569 @default.
- W2156141445 cites W2166588658 @default.
- W2156141445 cites W2280998131 @default.
- W2156141445 cites W3021506901 @default.
- W2156141445 cites W3125460321 @default.
- W2156141445 cites W3125504286 @default.
- W2156141445 hasPublicationYear "2008" @default.
- W2156141445 type Work @default.
- W2156141445 sameAs 2156141445 @default.
- W2156141445 citedByCount "2" @default.
- W2156141445 crossrefType "journal-article" @default.
- W2156141445 hasAuthorship W2156141445A5031635298 @default.
- W2156141445 hasBestOaLocation W21561414451 @default.
- W2156141445 hasConcept C121398111 @default.
- W2156141445 hasConcept C142470991 @default.
- W2156141445 hasConcept C144237770 @default.
- W2156141445 hasConcept C162324750 @default.
- W2156141445 hasConcept C16520705 @default.
- W2156141445 hasConcept C18903297 @default.
- W2156141445 hasConcept C86803240 @default.
- W2156141445 hasConcept C91306197 @default.
- W2156141445 hasConceptScore W2156141445C121398111 @default.
- W2156141445 hasConceptScore W2156141445C142470991 @default.
- W2156141445 hasConceptScore W2156141445C144237770 @default.
- W2156141445 hasConceptScore W2156141445C162324750 @default.
- W2156141445 hasConceptScore W2156141445C16520705 @default.
- W2156141445 hasConceptScore W2156141445C18903297 @default.
- W2156141445 hasConceptScore W2156141445C86803240 @default.
- W2156141445 hasConceptScore W2156141445C91306197 @default.
- W2156141445 hasLocation W21561414451 @default.
- W2156141445 hasLocation W21561414452 @default.
- W2156141445 hasOpenAccess W2156141445 @default.
- W2156141445 hasPrimaryLocation W21561414451 @default.
- W2156141445 hasRelatedWork W1480622940 @default.
- W2156141445 hasRelatedWork W1606293131 @default.
- W2156141445 hasRelatedWork W2063369439 @default.
- W2156141445 hasRelatedWork W2145341482 @default.
- W2156141445 hasRelatedWork W2163245923 @default.
- W2156141445 hasRelatedWork W2808698625 @default.
- W2156141445 hasRelatedWork W3121755010 @default.
- W2156141445 hasRelatedWork W3121846767 @default.
- W2156141445 hasRelatedWork W3122825701 @default.
- W2156141445 hasRelatedWork W3125021017 @default.
- W2156141445 isParatext "false" @default.
- W2156141445 isRetracted "false" @default.
- W2156141445 magId "2156141445" @default.
- W2156141445 workType "article" @default.