Table 3 Types of links
From: The diffusion of goods with multiple characteristics and price premiums: an agent-based model
Variable | Description | Type |
|---|---|---|
\(L_c\) | Consumer links. The links between a consumer and other ones in the network. Can be more or less randomly defined | Exogenous |
\(M_i\) | The number of nodes in a consumer’s \(\mathbf {J_i}\) | Endogenous |
\(L_b\) | Purchase links. Created between consumers and goods at every time-step according to a rule described in “Process” section | Endogenous |