Publications
Journal Publications
The emergence of knowledge exchange: an agent-based model of a software market.
M. Chli, P. De Wilde, in IEEE Transactions in Systems, Man and Cybernetics, Part A, Volume 38, Issue 5, pages 1056-1068, IEEE, September 2008.
Abstract
We investigate knowledge exchange among commercial organisations, the rationale behind it and its effects on the market. Knowledge exchange is known to be beneficial for industry, but in order to explain it, authors have used high level concepts like network effects, reputation and trust. We attempt to formalise a plausible and elegant explanation of how and why companies adopt information exchange and why it benefits the market as a whole when this happens. This explanation is based on a multiagent model that simulates a market of software providers. Even though the model does not include any high-level concepts, information exchange naturally emerges during simulations as a successful profitable behaviour. The conclusions reached by this agent-based analysis are twofold: (1) A straightforward set of assumptions is enough to give rise to exchange in a software market. (2) Knowledge exchange is shown to increase the efficiency of the market.
Keywords
Cooperative systems, Business economics, Intelligent agents, Multi-agent systems, Adaptive behaviour, Agent-based modelling