Nagel, Kai; Shubik, Martin; Paczuski, Maya; Bak, Per - In: Physica A: Statistical Mechanics and its Applications 287 (2000) 3, pp. 546-562
We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this context, we use a two-dimensional spatial structure for information transmission, that is, consumers can only learn...
