
The dynamic behavior of a multiagent system in which the agent size $s_{i}$ is variable it is studied along a Lotka-Volterra approach. The agent size has hereby for meaning the fraction of a given market that an agent is able to capture (market share). A Lotka-Volterra system of equations for prey-predator problems is considered, the competition factor being related to the difference in size between the agents in a one-on-one competition. This mechanism introduces a natural self-organized dynamic competition among agents. In the competition factor, a parameter $��$ is introduced for scaling the intensity of agent size similarity, which varies in each iteration cycle. The fixed points of this system are analytically found and their stability analyzed for small systems (with $n=5$ agents). We have found that different scenarios are possible, from chaotic to non-chaotic motion with cluster formation as function of the $��$ parameter and depending on the initial conditions imposed to the system. The present contribution aim is to show how a realistic though minimalist nonlinear dynamics model can be used to describe market competition (companies, brokers, decision makers) among other opinion maker communities.
17 pages, 50 references, 6 figures, 1 table
Business & economic sciences, Economie internationale, Physics - Physics and Society, Physique, Physics, Physique, chimie, mathématiques & sciences de la terre, FOS: Physical sciences, Physics and Society (physics.soc-ph), International economics, Nonlinear Sciences - Chaotic Dynamics, Physical, chemical, mathematical & earth Sciences, Chaotic Dynamics (nlin.CD), Sciences économiques & de gestion
Business & economic sciences, Economie internationale, Physics - Physics and Society, Physique, Physics, Physique, chimie, mathématiques & sciences de la terre, FOS: Physical sciences, Physics and Society (physics.soc-ph), International economics, Nonlinear Sciences - Chaotic Dynamics, Physical, chemical, mathematical & earth Sciences, Chaotic Dynamics (nlin.CD), Sciences économiques & de gestion
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 23 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
