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BB-103 Monopoly vs Commodity vs Orthogonal v05

[Building Blocks] BB-103 Monopoly vs Commodity vs Orthogonal
Building Blocks (BB-103) - Monopoly vs Commodity vs OrthogonalCompares Monopoly Markets against Commodity Markets and OrthogonalMarkets.This Commodity Market has two Competitors both selling an identical Product.For the Orthogonal Market, Customers have the same average Willingness To Pay(WTP) for both Products. But the Customer Distribution of Orthogonal Products isuncorrelated. That means, the value an individual Customer places on Product A isunrelated to the value the same individual Customer places on Product B. Monopoly Market = 1 Seller + 1 Product Commodity Market = 2 Sellers + 1 Product Orthogonal Market = 2 Sellers + 2 Products (with uncorrelated WTP) Semi-Orthogonal Market = 2 Seller + 2 Products (with semi-correlated WTP) The more Differentiated the Products are,the more Customers will buy the Products,and the fewer the number of 'No Sale'Customers who refuse to buy any Product.MarketSimulationProductArrayWillingnessTo Pay (WTP)of CustomersWillingnessTo Pay (WTP)of CustomersCommodityFeaturesProductArrayOrthogonalProductsCompetitiveRivalsMarketSimulationWTP StatisticsWTP StatisticsWillingnessTo Pay (WTP)of CustomersMarketSimulationWTP Statistics'No Sale'ProductsMarket =OrthogonalMarket =Commodity'No Sale'ProductsMarket =Monopoly'No Sale'ProductsQuantity SoldMarketSimulationWTP StatisticsMarket =Semi-Orthogonal'No Sale'ProductsCommodityFeaturesProductArrayWillingnessTo Pay (WTP)of CustomersCompetitiveRivalsQuantitySoldSet ProductColorsQuantitySoldSet ProductColorsCleanRowIDMarket 'No Sale'Bar ChartWTP CorrelationTwo Products = 100% CorrelatedWTP CorrelationTwo Products =0% CorrelatedWTP CorrelationTwo Products =50% Correlated'No Sale' in:MonopolyCommodityOrthogonalSemi-Orthogonal Profit Engine Table Creator CustomerDistributions CustomerDistributions Table Creator Product Generator Table Creator Table Creator Profit Engine Statistics Statistics CustomerDistributions Profit Engine Statistics Row Filter ConstantValue Column ConstantValue Column Row Filter ConstantValue Column Row Filter Column Filter Profit Engine Statistics ConstantValue Column Row Filter Table Creator Product Generator CustomerDistributions Table Creator Pie chart (local) Color Manager Pie chart (local) Color Manager RowID GroupBy Bar Chart(JFreeChart) Linear Correlation Linear Correlation Linear Correlation Concatenate Building Blocks (BB-103) - Monopoly vs Commodity vs OrthogonalCompares Monopoly Markets against Commodity Markets and OrthogonalMarkets.This Commodity Market has two Competitors both selling an identical Product.For the Orthogonal Market, Customers have the same average Willingness To Pay(WTP) for both Products. But the Customer Distribution of Orthogonal Products isuncorrelated. That means, the value an individual Customer places on Product A isunrelated to the value the same individual Customer places on Product B. Monopoly Market = 1 Seller + 1 Product Commodity Market = 2 Sellers + 1 Product Orthogonal Market = 2 Sellers + 2 Products (with uncorrelated WTP) Semi-Orthogonal Market = 2 Seller + 2 Products (with semi-correlated WTP) The more Differentiated the Products are,the more Customers will buy the Products,and the fewer the number of 'No Sale'Customers who refuse to buy any Product.MarketSimulationProductArrayWillingnessTo Pay (WTP)of CustomersWillingnessTo Pay (WTP)of CustomersCommodityFeaturesProductArrayOrthogonalProductsCompetitiveRivalsMarketSimulationWTP StatisticsWTP StatisticsWillingnessTo Pay (WTP)of CustomersMarketSimulationWTP Statistics'No Sale'ProductsMarket =OrthogonalMarket =Commodity'No Sale'ProductsMarket =Monopoly'No Sale'ProductsQuantity SoldMarketSimulationWTP StatisticsMarket =Semi-Orthogonal'No Sale'ProductsCommodityFeaturesProductArrayWillingnessTo Pay (WTP)of CustomersCompetitiveRivalsQuantitySoldSet ProductColorsQuantitySoldSet ProductColorsCleanRowIDMarket 'No Sale'Bar ChartWTP CorrelationTwo Products = 100% CorrelatedWTP CorrelationTwo Products =0% CorrelatedWTP CorrelationTwo Products =50% Correlated'No Sale' in:MonopolyCommodityOrthogonalSemi-OrthogonalProfit Engine Table Creator CustomerDistributions CustomerDistributions Table Creator Product Generator Table Creator Table Creator Profit Engine Statistics Statistics CustomerDistributions Profit Engine Statistics Row Filter ConstantValue Column ConstantValue Column Row Filter ConstantValue Column Row Filter Column Filter Profit Engine Statistics ConstantValue Column Row Filter Table Creator Product Generator CustomerDistributions Table Creator Pie chart (local) Color Manager Pie chart (local) Color Manager RowID GroupBy Bar Chart(JFreeChart) Linear Correlation Linear Correlation Linear Correlation Concatenate

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Created by: Berlin
Created at: 2018-05-21
On NodePit since: 2021-02-05
Last update: 2024-04-25
Created with KNIME version: v4.3.0

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