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Simulation Agent-Based Model of Heterogeneous Firms Through Software Module

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Information and Communication Technologies in Education, Research, and Industrial Applications (ICTERI 2017)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 826))

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Abstract

Research goals and objectives: study of the simplest agent-based model with heterogeneous firms using a software module.

Object of research: microeconomics system with heterogeneous agents.

Subject of research: agent-based model of microeconomic system with different types, equilibrium and disequilibrium states of the systems with specially developed desktop application.

Research methods: optimization methods, bifurcation analysis, stability analysis, simulation methods, game theory.

Results of the research: a market moves from stability to dynamic chaos with an increase in number of firms provided the firms have heterogeneous types. If no less than two-thirds of firms use naive expectations, the state of dynamic chaos will also appears in the market. The crucial factor which ensures market stability is the adaptive approach of firms’ competitive strategy.

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Authors and Affiliations

  1. Kherson State University, 27, Universitetska Street, Kherson, 73000, Ukraine

    Vitaliy Kobets & Alexander Weissblut

Authors
  1. Vitaliy Kobets
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  2. Alexander Weissblut
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Corresponding author

Correspondence to Vitaliy Kobets .

Editor information

Editors and Affiliations

  1. Aristotle University of Thessaloniki, Thessaloniki, Greece

    Nick Bassiliades

  2. Zaporizhzhia National University, Zaporizhzhia, Ukraine

    Vadim Ermolayev

  3. University of Bamberg, Bamberg, Germany

    Hans-Georg Fill

  4. Lviv Polytechnic National University, Lviv, Ukraine

    Vitaliy Yakovyna

  5. University of Klagenfurt, Klagenfurt, Austria

    Heinrich C. Mayr

  6. Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

    Mykola Nikitchenko

  7. V. N. Karazin Kharkiv National University, Kharkiv, Ukraine

    Grygoriy Zholtkevych

  8. Kherson State University, Kherson, Ukraine

    Aleksander Spivakovsky

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Kobets, V., Weissblut, A. (2018). Simulation Agent-Based Model of Heterogeneous Firms Through Software Module. In: Bassiliades, N., et al. Information and Communication Technologies in Education, Research, and Industrial Applications. ICTERI 2017. Communications in Computer and Information Science, vol 826. Springer, Cham. https://doi.org/10.1007/978-3-319-76168-8_11

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  • DOI: https://doi.org/10.1007/978-3-319-76168-8_11

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-76167-1

  • Online ISBN: 978-3-319-76168-8

  • eBook Packages: Computer ScienceComputer Science (R0)

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