An agent-based model of heterogeneous demand

• Main Author: Muller, Matthias
• Format: eBook Book
• Language: English
• Published: Wiesbaden Springer VS 2017; Springer Fachmedien Wiesbaden GmbH; Springer Fachmedien Wiesbaden
• Edition: 1
• Subjects: (BIC subject category)J; (BIC subject category)JHBC; (BISAC Subject Heading)J; (BISAC Subject Heading)SOC000000; (BISAC Subject Heading)SOC019000; (Produktform)Paperback / softback; (Springer Nature Marketing Classification)C; (Springer Nature Subject Code)SCX17000: Methodology of the Social Sciences; (Springer Nature Subject Code)SCX34000: Computational Social Sciences; (Springer Nature Subject Collection)SUCO41176: Social Sciences; (VLB-WN)1723: Hardcover, Softcover / Soziologie/Methoden der empirischen und qualitativen Sozialforschung; Agent-Based Modelling; Computational Social Sciences; Consumer; Diffusion; Evolutorische Wirtschaft; Hochschulschrift; Innovation; Mehragentensystem; Methodology of the Social Sciences; Nachfrageverhalten; Networks; Simulation; Social Sciences; Social sciences_xMethodology

Matthias Muller makes a case for the particular role of the demand side in research on innovation. The results offer a new perspective on the innovation process, proving that the demand side and consumers are important drivers of innovation, which must be included in future research for a full pictu...

Table of Contents:

• Intro -- Foreword -- Acknowledgements -- Table of Contents -- List of Figures -- List of Tables -- List of Equations -- List of Symbols -- 1 Introduction -- 1.1 The Invention of the Wheel -- 1.2 Methodological and Modelling Framework -- 1.3 Research Question and Outline -- 2 The Role of Consumers in Innovation Economics -- 2.1 The Neglected Demand Side -- 2.1.1 The Linear Innovation Model -- 2.1.2 The Demand-Pull Modell of Innovation -- 2.1.3 A Multidimensional Perspective on Innovation Processes -- 2.2 An Evolutionary Perspective -- 2.3 The Role of the Demand Side Today -- 3 The New Agent-Based Paradigm in Economics -- 3.1 Three Pillars of ABM -- 3.1.1 Modelling from an Agent-Based Perspective -- 3.1.2 A Definition of Agents -- 3.1.3 Simulation as In-Silicio Laboratories -- 3.2 Using ABM as a Scientific Tool -- 3.2.1 Why Do We Need Agent-Based Modelling? -- 3.2.2 Managing the Complexity -- 3.2.3 Two Ways of Using Agent-Based Models -- 3.2.4 The Need for Verification, Validation and Calibration -- 3.3 Implications for the Following Analysis -- 4 An ABM of Heterogeneous Consumers and Demand -- 4.1 Introducing Remarks -- 4.2 The Baseline Simulation Model -- 4.2.1 Modelling Multi-Dimensional Product Characteristics -- 4.2.2 Basic Procedure of the Simulation Model -- 4.3 Simulation Experiments -- 4.3.1 Innovations in a Multidimensional Characteristic Space -- 4.3.2 Markets in-between Homogeneous and Heterogeneous Demand -- 4.3.3 Implications for Innovation Policies -- 4.4 Discussion -- 5 Networks of Heterogeneous Agents -- 5.1 Informal Knowledge Exchange in Firm Networks -- 5.1.1 Introducing Remarks -- 5.1.2 Knowledge Exchange and Network Formation Mechanisms -- 5.1.3 Model Analysis -- 5.2 The Importance of Consumer Networks -- 5.2.1 Introducing Remarks -- 5.2.2 Bounded Rationality of Consumers -- 5.2.3 The Effects of Consumer Networks
• 5.3 Discussion -- 6 Bounded Morality of Consumers -- 6.1 Introducing Remarks -- 6.2 Model Analysis -- 6.2.1 Baseline Scenario -- 6.2.2 Responsible Innovation and Limited Information -- 6.2.3 Responsible Innovation and Networks -- 6.3 Discussion -- 7 Discussion and Further Research Avenues -- Literature