TY - CHAP
T1 - An agent-based model of interactions in the payment card market
AU - Alexandrova-Kabadjova, Biliana
AU - Krause, Andreas
AU - Tsang, Edward
PY - 2007
Y1 - 2007
N2 - We develop an agent-based model of the competition between payment cards by focusing on the interactions between consumers and merchants determining the subscription and usage of cards. We find that after a short period of time the market will be dominated by a small number of cards, even though there do not exist significant differences between cards and the market is fully competitive. In contrast to the existing literature we focus on the dynamics of market shares and emergence of multi-homing rather than equilibrium outcomes.
AB - We develop an agent-based model of the competition between payment cards by focusing on the interactions between consumers and merchants determining the subscription and usage of cards. We find that after a short period of time the market will be dominated by a small number of cards, even though there do not exist significant differences between cards and the market is fully competitive. In contrast to the existing literature we focus on the dynamics of market shares and emergence of multi-homing rather than equilibrium outcomes.
UR - http://dx.doi.org/10.1007/978-3-540-77226-2_106
UR - https://www.scopus.com/pages/publications/38449084352
U2 - 10.1007/978-3-540-77226-2_106
DO - 10.1007/978-3-540-77226-2_106
M3 - Book chapter
VL - 4881
T3 - Lecture Notes in Computer Science
SP - 1063
EP - 1072
BT - Intelligent Data Engineering and Automated Learning - IDEAL 2007
A2 - Yin, H
A2 - Tino, P
A2 - Corchado, E
A2 - Byrne, W
A2 - Yao, X
PB - Springer
ER -