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Table 12 Warranties 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) Warranties, Iteration 0.1

 

 Simulated price

0.9756\(^{**}\) (0.0111)

 N

7

 R\(^{2}\)

0.9992

 F \(_{(1,6)}\)

7621.27

(b) Warranties, Iteration 0.05

 Simulated price

0.9304\(^{**}\) (0.008)

 N

7

 R\(^{2}\)

0.9996

 F \(_{(1,6)}\)

14,831.19