The influence of learning and updating speed on the growth of commercial websites

Xiaoji Wan, Guishi Deng, Yang Bai and Shaowei Xue

Physica A: Statistical Mechanics and its Applications, 2012, vol. 391, issue 15, 4018-4030

Abstract: In this paper, we study the competition model of commercial websites with learning and updating speed, and further analyze the influence of learning and updating speed on the growth of commercial websites from a nonlinear dynamics perspective. Using the center manifold theory and the normal form method, we give the explicit formulas determining the stability and periodic fluctuation of commercial sites. Numerical simulations reveal that sites periodically fluctuate as the speed of learning and updating crosses one threshold. The study provides reference and evidence for website operators to make decisions.

Keywords: Competition model; Learning and updating; Peer-to-Peer lending website; Periodic fluctuation (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:391:y:2012:i:15:p:4018-4030

DOI: 10.1016/j.physa.2012.03.005

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