Thursday, October 27, 2011

The Spatial Agent-based Competition Model (SpAbCoM)

Posted by D. Daniel Sokol

Marten Graupner (Leibniz Institute of Agricultural Development in Central and Eastern Europe) describes The Spatial Agent-based Competition Model (SpAbCoM).

ABSTRACT: The paper presents a detailed documentation of the underlying concepts and methods of the Spatial Agent-based Competition Model (SpAbCoM). For instance, SpAbCoM is used to study firms' choices of spatial pricing policy (GRAUBNER et al., 2011a) or pricing and location under a framework of multi-firm spatial competition and two-dimensional markets (GRAUBNER et al., 2011b). While the simulation model is briefly introduced by means of relevant examples within the corresponding papers, the present paper serves two objectives. First, it presents a detailed discussion of the computational concepts that are used, particularly with respect to genetic algorithms (GAs). Second, it documents SpAbCoM and provides an overview of the structure of the simulation model and its dynamics.

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