Name
Abstract | ||
|---|---|---|
Summary. We develop an agent-based model of the competition between payment cards by focusing on the interactions between consumers and merchants determining the subscription and usage of cards. We find that after a short period of time the market will be dominated by a small number of cards, even though there do not exist significant differences between cards and the market is fully competitive. In contrast to the existing literature we focus on the dynamics of market shares and emergence of multi-homing rather than equilibrium outcomes. |
Year | DOI | Venue |
|---|---|---|
2007 | 10.1007/978-3-540-77226-2_106 | Intelligent Data Engineering and Automated Learning |
Keywords | Field | DocType |
significant difference,multi-homing,market share,small number,existing literature,agent-based model,short period,payment card,network externalities,two-sided markets,payment card market,equilibrium outcome,agent-based modeling,network externality,multi homing,payment cards | Multihoming,Agent-based model,Computer science,Network effect,Payment card,Artificial intelligence,Industrial organization,Market share,Machine learning | Conference |
Volume | ISSN | ISBN |
4881 | 0302-9743 | 3-540-77225-1 |
Citations | PageRank | References |
2 | 0.63 | 0 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Biliana Alexandrova-Kabadjova | 1 | 5 | 2.62 |
| Andreas Krause | 2 | 5822 | 368.37 |
| Edward Tsang | 3 | 7 | 1.44 |