Computational Model Library

An agent-based model for the diffusion of innovations with multiple characteristics and price-premiums

In this agent-based model, agents decide to adopt a new product according to a utility function that depends on two kinds of social influences. First, there is a local influence exerted on an agent by her closest neighbors that have already adopted, and also by herself if she feels the product suits her personal needs. Second, there is a global influence which leads agents to adopt when they become aware of emerging trends happening in the system. For this, we endow agents with a reflexive capacity that allows them to recognize a trend, even if they can not perceive a significant change in their neighborhood.

Results reveal the appearance of slowdown periods along the adoption rate curve, in contrast with the classic stylized bell-shaped behavior. Results also show that network structure plays an important role in the effect of reflexivity: while some structures (e.g., scale-free networks) may amplify it, others (e.g., small-world structure) weaken such an effect.

Diffusion of innovations

Marco Janssen | Published Tue Jan 14 17:11:41 2020

3 simple models to illustrate diffusion of innovations.
The models are discussed in Introduction to Agent-Based Modeling by Marco Janssen. For more information see https://intro2abm.com/

Diffusion of Innovations on Social Networks

Hang Xiong | Published Sat Apr 16 19:29:11 2016

This is model that simulates how multiple kinds of peer effects shape the diffusion of innovations through different types of social relationships.

Adoption as a social marker

Paul Smaldino | Published Mon Oct 17 13:00:14 2016

A model of innovation diffusion in a structured population with two groups who are averse to adopting a produce popular with the outgroup.

Objective is to simulate policy interventions in an integrated demand-supply model. The underlying demand function links both sides. Diffusion proceeds if interactions distribute awareness (Epidemic effect) and rivalry reduces the market price (Probit effect). Endogeneity is given due to the fact that consumer awareness as well as their willingness-to-pay drives supply-side rivalry. Firm´s entry and exit decisions as well as quantity and price settings are driven by Cournot competition.

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