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International Workshop on Multi-Agent Systems and Agent-Based Simulation

MABS 2008: Multi-Agent-Based Simulation IX pp 1–16Cite as

Modeling Power Distance in Trade

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Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 5269))

Abstract

Agent-based computational economics studies the nature of economic processes by means of artificial agents that simulate human behavior. Human behavior is known to be scripted by cultural background. The processes of trade partner selection and negotiation work out differently in different communities. Different communities have different norms regarding trust and opportunism. These differences are relevant for processes studied in economics, especially for international trade. This paper takes Hofstede’s model of national culture as a point of departure. It models the effects on trade processes of one of the five dimensions: power distance. It formulates rules for the behavior of artificial trading agents and presents a preliminary verification of the rules in a multi-agent simulation.

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Author information

Authors and Affiliations

  1. Wageningen University, Postbus 9109, 6700 HB, Wageningen, The Netherlands

    Gert Jan Hofstede

  2. Delft University of Technology, Mekelweg 4, 2628 CD, Delft, The Netherlands

    Catholijn M. Jonker

  3. LEI Wageningen UR, Postbus 29703, 2502 LS, den Haag, The Netherlands

    Tim Verwaart

Authors
  1. Gert Jan Hofstede
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  2. Catholijn M. Jonker
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  3. Tim Verwaart
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Editor information

Editors and Affiliations

  1. ISCTE - Lisbon University Institute, Av. das Forças Armadas, 1649-026, Lisboa, Portugal

    Nuno David

  2. Computer Engineering Department, University of São Paulo, Av. Prof. Luciano Gualberto, tv.3, 158, 05508-970, São Paulo, Brazil

    Jaime Simão Sichman

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© 2009 Springer-Verlag Berlin Heidelberg

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Hofstede, G.J., Jonker, C.M., Verwaart, T. (2009). Modeling Power Distance in Trade. In: David, N., Sichman, J.S. (eds) Multi-Agent-Based Simulation IX. MABS 2008. Lecture Notes in Computer Science(), vol 5269. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-01991-3_1

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  • DOI: https://doi.org/10.1007/978-3-642-01991-3_1

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-01990-6

  • Online ISBN: 978-3-642-01991-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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