DO SHOPBOTS AND LOWER SEARCH COSTS IMPROVE THE EFFICIENCY OF ELECTRONIC MARKETS ? AN AGENT-BASED APPROACH First Draft

@inproceedings{Darmon2003DOSA,
  title={DO SHOPBOTS AND LOWER SEARCH COSTS IMPROVE THE EFFICIENCY OF ELECTRONIC MARKETS ? AN AGENT-BASED APPROACH First Draft},
  author={Eric Darmon},
  year={2003}
}
Buyers' search behaviors on electronic markets are characterized by two distinctive features: i) diminishing search costs and ii) the use of informational intermediaries such as price comparison agents (shopbots). We build a simple agent-based model that captures these two features, and we use this agent-based modeling to explore how the co-evolution of… CONTINUE READING