Exploring theoretical models with an agent-based approach in two sided markets
With increasing computational power and more elaborate software comes greater opportunities to complement traditional research methods with alternative methods. In this paper we argue for why the area of two-sided markets could benefit from this alternative approach and attempt to implement a theore...
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| Format: | Others |
| Language: | English |
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Södertörns högskola, Nationalekonomi
2017
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-32737 |
| Summary: | With increasing computational power and more elaborate software comes greater opportunities to complement traditional research methods with alternative methods. In this paper we argue for why the area of two-sided markets could benefit from this alternative approach and attempt to implement a theoretical model in an agent-based framework. By first replicating the theoretical findings in this framework we expand the model in increments in different directions through introducing different set of heterogeneity and behavioral limitations on our actors to see how the theoretical model develops. Only changing the model in increments found the analytical outcome to be robust for many of our changes, in this regard we have not managed to successfully take advantage of the full potential of the agent-based framework. |
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