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Table 1 Hotelling model

From: Agent-based models and industrial organization theory. A price-competition algorithm for agent-based models based on Game Theory

Variable

Coefficient (std. err.)

(a) Hotelling, Iteration 0.1

 Simulated price

1.0459** (0.0073)

 N

90

 R2

0.9957

 F \(_{(1,89)}\)

20,558.99

(b) Hotelling, Iteration 0.05

 Simulated price

0.9821** (0.005)

 N

90

 R\(^{2}\)

0.9977

 F \(_{(1,89)}\)

38,519.85