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

Kutay Hakkı Çilingiroğlu
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Kutay Hakkı Çilingiroğlu: Yldz Technical University, Senior Software Developer, ISTANBUL,

Yildiz Social Science Review, 2016, vol. 2, issue 1, 65-86

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.

Keywords: Agent-based Computational Economics; Switching Costs; Network Effects; SimulationJournal: Yildiz Social Science Review (search for similar items in EconPapers)
JEL-codes: F00 F30 G00 G10 K00 K20 M00 M20 O10 (search for similar items in EconPapers)
Date: 2016
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