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Title: Effects of competition and cooperation interaction between agents on networks in the presence of a market capacity.
Authors: Sonubi, A.
Arcagni, A.
Stefani, S.
Ausloos, M.
First Published: 8-Aug-2016
Publisher: American Physical Society
Citation: Physical Review E, 94, 022303 (2016)
Abstract: A network effect is introduced taking into account competition, cooperation, and mixed-type interaction among agents along a generalized Verhulst-Lotka-Volterra model. It is also argued that the presence of a market capacity undoubtedly enforces a definite limit on the agent's size growth. The state stability of triadic agents, i.e., the most basic network plaquette, is investigated analytically for possible scenarios, through a fixed-point analysis. It is discovered that: (i) market demand is only satisfied for full competition when one agent monopolizes the market; (ii) growth of agent size is encouraged in full cooperation; (iii) collaboration among agents to compete against one single agent may result in the disappearance of this single agent out of the market; and (iv) cooperating with two rivals may become a growth strategy for an intelligent agent.
DOI Link: 10.1103/PhysRevE.94.022303
ISSN: 2470-0045
eISSN: 2470-0053
Version: Publisher Version
Status: Peer-reviewed
Type: Journal Article
Rights: Creative Commons “Attribution Non-Commercial No Derivatives” licence CC BY-NC-ND, further details of which can be found via the following link: Archived with reference to SHERPA/RoMEO and publisher website.
Appears in Collections:Published Articles, School of Management

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