DocumentCode :
3054963
Title :
Diffusion in Social Networks and Market Stability
Author :
Salamanos, Nikos ; Konstantopoulos, Dimitris
Author_Institution :
Dept. of Inf., Athens Univ. of Econ. & Bus., Athens, Greece
fYear :
2011
fDate :
Nov. 30 2011-Dec. 2 2011
Firstpage :
27
Lastpage :
34
Abstract :
In this paper we propose a model of the evolution of a market with linear utilities in the presence of both local and global social interactions. In the scenario considered, there is a market consisting of buyers and divisible goods. In consecutive time periods, the decision of a buyer is affected by the consumption plan of his neighbors and by a global signal, the distribution of actions of all agents. Moreover, we assume that the market prices and the allocation of the goods are stabilized by the law of supply and demand. We simulate the model, along with a market equilibria algorithm, and we investigate the long time behavior of the system. Specifically, we analyze the distribution of the prices and the market share of the products, when the configuration of the network is Erdos-Renyi and Scale-free graph. The experimental results show that the long time behavior of the system is not always static. The long time states depict a periodic pattern and are sensitive to a) the initial agents´ beliefs, b) the weights that each agent assigns to the local and the global factor respectively and c)the degree distribution of the nodes in the network.
Keywords :
decision making; goods distribution; graph theory; pricing; share prices; social networking (online); supply and demand; Erdδs-Renyi graph; Scale-free graph; buyers decision; degree distribution; diffusion; divisible goods; goods allocation; market equilibria algorithm; market share prices; market stability; price distribution; social networks; supply and demand; Computational modeling; Cost accounting; Erbium; Noise; Social network services; Time frequency analysis; Vectors; Diffusion; Dynamic Systems; Social Networks;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Intelligent Networking and Collaborative Systems (INCoS), 2011 Third International Conference on
Conference_Location :
Fukuoka
Print_ISBN :
978-1-4577-1908-0
Type :
conf
DOI :
10.1109/INCoS.2011.76
Filename :
6132775
Link To Document :
بازگشت