Price Competition with Particle Swarm Optimization: An Agent-Based Artificial Model

Tong Zhang and B Brorsen

No 6780, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: This study instructs an artificial price competition market to examine the impact of capacity constraints on the behavior of packers. Results show when there are cattle left for the lowest bidder after all other packers finishing their procurement, the capacity constraints make the price lower than the perfect competition level.

Keywords: Livestock Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 17
Date: 2008
New Economics Papers: this item is included in nep-cmp and nep-com
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/6780/files/sp08zh08.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6780

DOI: 10.22004/ag.econ.6780

Access Statistics for this paper

More papers in 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().