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A Cultural Market Model

Author

Listed:
  • AMAÇ HERDAǦDELEN

    (Computer Engineering Department, Bogazici University, Istanbul 34342, Turkey)

  • HALUK BINGOL

    (Computer Engineering Department, Bogazici University, Istanbul 34342, Turkey)

Abstract

Social interactions and personal tastes shape our consumption behavior of cultural products. In this study, we present a computational model of a cultural market and we aim to analyze the behavior of the consumer population as an emergent phenomena. Our results suggest that the final market shares of cultural products dramatically depend on consumer heterogeneity and social interaction pressure. Furthermore, the relation between the resulting market shares and social interaction is robust with respect to a wide range of variation in the parameter values and the type of topology.

Suggested Citation

  • Amaç Herdaǧdelen & Haluk Bingol, 2008. "A Cultural Market Model," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 271-282.
    • Handle: RePEc:wsi:ijmpcx:v:19:y:2008:i:02:n:s012918310801208x
    DOI: 10.1142/S012918310801208X
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    References listed on IDEAS

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    1. Charlotte Bruun (ed.), 2006. "Advances in Artificial Economics," Lecture Notes in Economics and Mathematical Systems, Springer, number 978-3-540-37249-3, October.
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