دانلود مقاله ISI انگلیسی شماره 102103
عنوان انگلیسی
The role of consumer networks in firms’ multi-characteristics competition and market share inequality
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
102103 2017 33 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Structural Change and Economic Dynamics, Volume 43, December 2017, Pages 76-86

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چکیده انگلیسی

We develop a location analysis spatial model of firms’ competition in multi-characteristics space, where consumers’ opinions about the firms’ products are distributed on multilayered networks. Firms do not compete on price but only on location upon the products’ multi-characteristics space, and they aim to attract the maximum number of consumers. Boundedly rational consumers have distinct ideal points/tastes over the possible available firm locations but, crucially, they are affected by the opinions of their neighbors. Proposing a dynamic agent-based analysis on firms’ location choice we characterize multi-dimensional product differentiation competition as adaptive learning by firms’ managers and we argue that such a complex systems approach advances the analysis in alternative ways, beyond game-theoretic calculations.