Work detail

Duopoly modelling with agent-based computational economics

Author: Bc. Stanislav Kovalčin
Year: 2009 - summer
Leaders: PhDr. Petr Švarc
Work type: Bachelors
Language: English
Pages: 54
Awards and prizes: B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.
Abstract: Existing duopoly models as Cournot duopoly or Stackelberg duopoly, when firms compete on quantities, does not explain in the real world observed phenomenon of collusive behaviour. We try to simulate and explain such behaviour with agent-based computational economics. Expansion of this model by adding possibility of endogenous timing of production is also examined and arise of simultaneous or sequential plays is observed. Both models are fully implemented by JAVA programming language and resulting data are analysed through graphical representation.
Downloadable: Bachelor Thesis of Kovalčin




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