Market Dynamics
Routing Summary
This folder covers emergent market-level phenomena arising from agent interactions. Contains 1 note.
- Need brand lock-in and cyclic competition results? → Market Share Equilibrium and Lock-In
Concept Map
| Concept | Note | Type | Depends On | Key Result |
|---|---|---|---|---|
| Lock-in & cycles | Market Share Equilibrium and Lock-In | concept | Imitation and Conditioning Processes, Word of Mouth Mechanisms | Initial dominance persists via WOM positive feedback; equal starts produce cyclic competition |
Notes
- Market Share Equilibrium and Lock-In — CONTAINS: lock-in experiment (70% initial → sustained dominance), cyclic competition experiment (equal start → oscillating shares), three mechanisms (imitation cascade, conditioning reinforcement, opinion leader disqualification), age-dependent dynamics
Sources
- abm_human_behaviour — Ben Said et al. (2002) market share experiments
See Also
- Word of Mouth — the mechanism driving market dynamics
- Networks and Diffusion — the structure enabling dynamics