000131301 001__ 131301
000131301 005__ 20240207154753.0
000131301 0247_ $$2doi$$a10.1007/s10614-015-9557-9
000131301 0248_ $$2sideral$$a136766
000131301 037__ $$aART-2016-136766
000131301 041__ $$aeng
000131301 100__ $$aFernández-Márquez, Carlos M.
000131301 245__ $$aEndogenous demand and demanding consumers: a computational approach
000131301 260__ $$c2016
000131301 5203_ $$aIn this paper we introduce an agent-based model of a discretionary consumption sector in which demand is transformed by social emulation among consumers, thereby making producers adapt to demand. Our theoretical approach considers bounded rationality of agents (consumers and producers), heterogeneity of both agents and product characteristics, and the co-evolution of consumer desires, mainly, by social emulation. The proposed dynamics can reproduce some stylized facts that are well known in literature, such as the S-shaped adoption rate curve that many industries develop over their life cycle. Our model also obtains a novel result with relevant theoretical implications: the strictness of requirements, a factor rarely studied in consumer theory, has an important effect on some aggregate variables that are usually explained by the supply side, such as the number of producers or the industrial concentration index. In particular, the minimum number of producers (and then, the maximum Herfindahl index) is obtained for an intermediate degree of consumer requirements, a fact that is empirically validated for the wine market in Spain.
000131301 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000131301 590__ $$a1.053$$b2016
000131301 591__ $$aECONOMICS$$b151 / 347 = 0.435$$c2016$$dQ2$$eT2
000131301 591__ $$aMATHEMATICS, INTERDISCIPLINARY APPLICATIONS$$b59 / 100 = 0.59$$c2016$$dQ3$$eT2
000131301 591__ $$aMANAGEMENT$$b145 / 192 = 0.755$$c2016$$dQ4$$eT3
000131301 592__ $$a0.47$$b2016
000131301 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2016$$dQ1
000131301 593__ $$aComputer Science Applications$$c2016$$dQ2
000131301 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000131301 700__ $$0(orcid)0000-0002-1246-6751$$aFatás-Villafranca, Francisco$$uUniversidad de Zaragoza
000131301 700__ $$aVázquez, Francisco J.
000131301 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico
000131301 773__ $$g49, 2 (2016), 307-323$$pCOMPUTATIONAL ECONOMICS$$tCOMPUTATIONAL ECONOMICS$$x0927-7099
000131301 85641 $$uhttps://link.springer.com/article/10.1007/s10614-015-9557-9$$zTexto completo de la revista
000131301 8564_ $$s732716$$uhttps://zaguan.unizar.es/record/131301/files/texto_completo.pdf$$yVersión publicada
000131301 8564_ $$s1165619$$uhttps://zaguan.unizar.es/record/131301/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000131301 909CO $$ooai:zaguan.unizar.es:131301$$particulos$$pdriver
000131301 951__ $$a2024-02-07-14:38:16
000131301 980__ $$aARTICLE