In this paper we address a long standing gap in economic theory--the gap between claims for the dynamic efficiency of trading in markets, and the findings of formal economic theory, which justify those claims only under restrictive assumptions. We use agent-based methods to study the dynamics of...

This article compares convergence of political parties when voters are voting strategically and when they are voting sincerely under low-information conditions. In order to examine this problem, I create a computational model of a party system, where parties are uncertain about the distribution...

n-person Battle of Sexes (BOS) games are examined by a special simulation study. Two types of agents are considered and there are three possible ways of making the agents’ initial decisions. The simulation study confirms the theoretical results on the existence and number of equilibria. We...

A simple trading model based on pair pattern strategy space with holding periods is proposed. Power-law behavior is observed for the return variance σ2, the price impact H and the predictability K for both models, with linear and square root impact functions. The sum of the traders’ wealth...

We build an agent-based computational model to study how the changing number of active product variants in a two-dimensional product space affects the performance of different firm types (i.e. large-scale and small-scale enterprises). We use an alternative approach to measure product space...

The web system linked by Internet becomes important not only as a functional application system within a company but as a critical backbone for conducting business in a highly competitive market. It is driving companies to come up with a whole new set of business strategies. This paper proposes...

A lot of agent-based models were built to study diffusion of innovations. In most of these models, beliefs of individuals about the innovation were not represented at all, or in a highly simplified way. In this paper, we argue that representing beliefs could help to tackle problematics...

The effect of various concentrations of benzotriazole (C5H5N3) on plant morphology, pollen sterility and yield in Brassica juncea var. Pusa Bold was studied. All the treatments with this chemical hybridizing agent (CHA) caused reduction in plant height, number of branches and leaves/ plant, leaf...

The effect of different concentrations of three chemical hybridizing agents namely, ethrel9 gibberellic acid and nirma detergent powder on pollen fertility and total yield was studied in Brassica juncea L. Different concentrations of all the chemical hybridizing agents were found to be effective...