2010
DOI: 10.1287/opre.1100.0818
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Aggregate Diffusion Dynamics in Agent-Based Models with a Spatial Structure

Abstract: We explicitly calculate the aggregate diffusion dynamics in one-dimensional agent-based models of adoption of new products, without using the mean-field approximation. We then introduce a clusters-dynamics approach, and use it to derive an analytic approximation of the aggregate diffusion dynamics in multidimensional agent-based models. The clusters-dynamics approximation shows that the aggregate diffusion dynamics does not depend on the average distance between individuals, but rather on the expansion rate of… Show more

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Cited by 40 publications
(70 citation statements)
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References 35 publications
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“…For such products, it is reasonable to approximate the social network by a two-dimensional grid, in which each node represents a residential unit. Previous studies of the discrete Bass model on two-dimensional networks avoided boundary effects by imposing periodic boundary conditions [6,7,8]. In that case, all nodes are interior and are influenced from all sides by the adjacent nodes.…”
mentioning
confidence: 99%
“…For such products, it is reasonable to approximate the social network by a two-dimensional grid, in which each node represents a residential unit. Previous studies of the discrete Bass model on two-dimensional networks avoided boundary effects by imposing periodic boundary conditions [6,7,8]. In that case, all nodes are interior and are influenced from all sides by the adjacent nodes.…”
mentioning
confidence: 99%
“…Empirically, the Bass model captures the S‐curve for cumulative adoption of various products. Extensive empirical application of the model found typical values for the parameters to be p = 0.03/year and q = 0.38/year, with p < 0.01/year and q typically in the range 0.3–0.5/year .…”
Section: Modelling System Behaviormentioning
confidence: 99%
“…Empirically, the Bass model captures the S-curve for cumulative adoption of various products. Extensive empirical application of the model found typical values for the parameters to be p 5 0.03/year and q 5 0.38/year, with p < 0.01/year and q typically in the range 0.3-0.5/year [48]. The model has been widely used for forecasting the market penetration of durable goods, and estimating the rate of diffusion attributed to different theoretical aspects of external influence p and internal influence q [24].…”
Section: Dynamics Of Innovationmentioning
confidence: 99%
“…Indeed, symmetry holds because changing the indexes of the bidders does not affect the revenue. Therefore, assuming differentiability, the averaging principle for functions (SI Text) yields [12] where F = F + e k P k i=1 H i . Substituting F in Eq.…”
Section: Applied Mathematicsmentioning
confidence: 99%