CASOS Working PAPER

"Emergence of Market Segmentation: A Multi-Agent Model" (PDF file)
Authors: Maksim Tsvetovat, Kathleen Carley, Katia Sycara

Abstract
It has been observed in many instances that markets have a tendency to segment themselves into distinct sub-markets. This paper presents a multi-agent model that illustrates emergent market segmentation. The model illustrates the way local optimization processes result in an emergent global behavior.