An Agent-Based Model of Heterogeneous Demand

✍ Scribed by Matthias Müller (auth.)

• Publisher: VS Verlag für Sozialwissenschaften
• Year: 2017
• Tongue: English
• Leaves: 173
• Edition: 1
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Front Matter....Pages I-XX
Introduction....Pages 21-31
The Role of Consumers in Innovation Economics....Pages 33-55
The New Agent-Based Paradigm in Economics....Pages 57-73
An ABM of Heterogeneous Consumers and Demand....Pages 75-104
Networks of Heterogeneous Agents....Pages 105-142
Bounded Morality of Consumers....Pages 143-157
Discussion and Further Research Avenues....Pages 159-162
Back Matter....Pages 163-182

✦ Subjects

Computational Social Sciences;Methodology of the Social Sciences