Table 5 Baseline and modified values of parameters used in the simulations
From: The diffusion of goods with multiple characteristics and price premiums: an agent-based model
Parameter | Baseline value | Modified value(s) |
|---|---|---|
\(n_c\) | 100 | – |
\(\iota\) | 0.05 | – |
\(\rho\) | 0 | 1 |
d | 1 | 2 |
\(\tau\) | 0.1 | – |
\(\kappa\) | 0.25 | – |
\(\pi\) | 0.1 | 0.05 |
\(t^{max}\) | 50 | – |