An Agent-Based Model of Heterogeneous Demand

Paperback Engels 2017 9783658187217
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Matthias Müller makes a case for the particular role of the demand side in research on innovation. Based on a complex agent-based simulation model, he analyzes the versatile mutual relationships between consumers and producers within the innovation process. Instead of oversimplifying the demand side, the book aims to apply important aspects which too often are only applied to the supply side, e.g., the heterogeneity and bounded rationality of economic actors embedded in networks. The results offer a new perspective on the innovation process, proving that the demand side and consumers are important drivers of innovation, which must be included in future research for a full picture. 

Specificaties

ISBN13:9783658187217
Taal:Engels
Bindwijze:paperback
Uitgever:Springer Fachmedien Wiesbaden

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Inhoudsopgave

The Role of Consumers in Innovation Economics.- Evolutionary Economics.- The New Agent-Based Paradigm in Economics.- An ABM of Heterogeneous Consumers and Demand.- Consumer Networks.- Bounded Morality of Consumers.

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        An Agent-Based Model of Heterogeneous Demand