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Effects of competition and cooperation interaction between agents on networks in the presence of a market capacity.

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journal contribution
posted on 23.11.2016, 17:04 by A. Sonubi, A. Arcagni, S. Stefani, M. Ausloos
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.

Funding

This work is part of activities in COST Action TD1210 and in COST Action TD1306, both being gratefully acknowledged for easing networking. In particular M.A. has benefited of the STSM-TD1306-33054.

History

Citation

Physical Review E, 94, 022303 (2016)

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/School of Management

Version

VoR (Version of Record)

Published in

Physical Review E

Publisher

American Physical Society

issn

2470-0045

eissn

2470-0053

Available date

23/11/2016

Publisher version

http://journals.aps.org/pre/abstract/10.1103/PhysRevE.94.022303

Language

en

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