CASOS Working PAPER

"Specialists, Generalists and Market Segmentation: A Multi-Agent Model"(PDF file)
Authors: Tsvetovat, M., Carley, K. M., Sycara, K.
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.