Market Simulation
This directory contains 26 workflows.
MS-173 Bertrand Competition with Search Costs v05
[Market Simulation] MS-173 Bertrand Competition with Search Costs Explores another variation of Bertrand Competition. The Products in this Market are, […]
MS-174 Bertrand Competition with Product Differentiation v05
[Market Simulation] MS-174 Bertrand Competition with Product Differentiation Evaluates how the Bertrand Competition Model breaks down when the Products […]
MS-182 Cournot Competition for Market Entry v05
[Market Simulation] MS-182 Cournot Competition for Market Entry Shows how a new Competitor to the Market could use a Cournot Competititon Model to […]
MS-191 Free Trial v05
[Market Simulation] MS-191 Free Trial Shows how a free or discounted Product trial can increase trust in the Brand and raise the Customer's Willingness […]
MS-192 Switching Costs v05
[Market Simulation] MS-192 Switching Costs After a Customer selects a Product to buy, their Willingness To Pay (WTP) for all of the other Products in the […]
MS-193 Depreciation and Replacement v05
[Market Simulation] MS-193 Depreciation and Replacement After a Customer purchases a Product they have it to consume and will not need to immediately buy […]
MS-194 Diminishing Marginal Utility v05
[Market Simulation] MS-194 Diminishing Marginal Utility Shows how to simulate Customers buying multiple different Products from a Category. The Law of […]
MS-195 Repeat Purchases v05
[Market Simulation] MS-195 Repeat Purchases Shows how to simulate Customers repeatedly buying a single Product from a Category during a single shopping […]
MS-196 Learning Curves v05
[Market Simulation] MS-196 Learning Curves Simulates how Customers overcome their mistrust of Products and move up the 'Learning Curve' as they become […]
MS-201 Cyclical Market Trend v05
[Market Simulation] MS-201 Cyclical Market Trend Simulates the operation of a Market over time. After purchasing a Product, the Customer's demand for […]