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The Agent-Based Model Of Regulation Of Retail Prices On The Market Of Petroleum Products

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Author Info

  • Leonid Galchynsky

    ()
    (National Technical University of Ukraine)

  • Andrij Svydenko

    (National Technical University of Ukraine)

  • Iryna Veremenko

    (National Technical University of Ukraine)

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    Abstract

    This article provides model of the retail gasoline market as multi-agent systems. The main factors, which affecting on the retail price of gasoline were determined. The authors found that using the agent approach, which takes into consideration the coalitions in the market, in particular, tacit collusion, it is possible to describe the behaviour of players correctly. An description of agent behaviour models and algorithms specific agent were done.

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    Bibliographic Info

    Article provided by Czestochowa Technical University, Department of Management in its journal Polish Journal of Management Studies.

    Volume (Year): 3 (2011)
    Issue (Month): 1 (May)
    Pages: 136-147

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    Handle: RePEc:pcz:journl:v:3:y:2011:i:1:p:136-147

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    Web page: http://www.pjms.zim.pcz.pl/edi/
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    Related research

    Keywords: petroleum products; market; oligopoly; game theory; agent-based model;

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