Agent-Based Model of an Urban Retail Market

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Agent-Based Model of an Urban Retail Market

Popis výsledku v původním jazyce

The paper presents an agent-based model of an urban retail market that explains the stylized facts about the location of shops in Brno/CZ. More specifically, it explains why some types of shops are more dominant in the center, some in the inner city, andsome in the periphery of the city. In the model, consumers spend their incomes in different types of shops located randomly in a square city. The types of products sold in the shops differ in the transportation costs and in the proportion of the incomespent on them. The consumers buy each type of product in the shops with the lowest price plus the per-unit transportation cost. The price of each good is determined by the profit margin assigned randomly to each shop. In each period, new shops of all types enter the market and locate randomly in the city, and some of the shops in loss exit the market. This way the urban retail market evolves toward an optimal structure; i.e. toward the optimal prices, sizes, and locations of shops.

Název v anglickém jazyce

Agent-Based Model of an Urban Retail Market

Popis výsledku anglicky

The paper presents an agent-based model of an urban retail market that explains the stylized facts about the location of shops in Brno/CZ. More specifically, it explains why some types of shops are more dominant in the center, some in the inner city, andsome in the periphery of the city. In the model, consumers spend their incomes in different types of shops located randomly in a square city. The types of products sold in the shops differ in the transportation costs and in the proportion of the incomespent on them. The consumers buy each type of product in the shops with the lowest price plus the per-unit transportation cost. The price of each good is determined by the profit margin assigned randomly to each shop. In each period, new shops of all types enter the market and locate randomly in the city, and some of the shops in loss exit the market. This way the urban retail market evolves toward an optimal structure; i.e. toward the optimal prices, sizes, and locations of shops.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 29th International Conference Mathematical Methods in Economics 2011

ISBN

9788074310584

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

369-374

Název nakladatele

University of Economics, Faculty of Informatics and Statistics

Místo vydání

Prague

Místo konání akce

Janská Dolina, Slovensko

Datum konání akce

6. 9. 2011

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000309074600062