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Bertrand Competition with Network Eects and Switching Costs: An Agent-based Computational Approach

Author

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  • Kutay Hakkı Çilingiroğlu

    (Yldz Technical University, Senior Software Developer, ISTANBUL,)

Abstract

Economics is a complex system that requires different approaches for analysis. I analyzed switching costs and network effects together with a new simulation approach to modeling systems composed of autonomous and interacting agents. Agent based computational economics is one of the simulation tools and an efficient tool box for complex economic systems. I developed an agent based computational model of duopolistic competition to analyze how the network effects and switching costs shape competitive outcomes by simula-tion methods.

Suggested Citation

  • Kutay Hakkı Çilingiroğlu, 2016. "Bertrand Competition with Network Eects and Switching Costs: An Agent-based Computational Approach," Yildiz Social Science Review, Yildiz Technical University, vol. 2(1), pages 65-86.
    • Handle: RePEc:aye:journl:v:2:y:2016:i:1:p:65-86
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    Keywords

    Agent-based Computational Economics; Switching Costs; Network Effects; SimulationJournal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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