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Next: Nonlinear search costs Up: Shopbot Economics Previous: Endogenous Buyer Decisions

Shopbot Experiments

 

In order to explore the likely effect of shopbots on market dynamics, we now consider two distinctive shopbot scenarios in turn, one in which search costs are nonlinear, and another in which some portion of the population does not have access to search mechanisms. The assumptions, the methodology, and the results presented herein differ substantially from traditional economic analyses.





kephart
Mon Mar 20 09:23:33 EST 2000