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Table 7 Vertical differentiation models. Demands

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) Iteration 0.1

 Simulated demand

0.9556** (0.0231)

 N

85

 R\(^{2}\)

0.9534

  F \(_{(1,84)}\)

1717.66

(b) Iteration 0.05

 Simulated demand

0.9850** (0.0165)

 N

85

 R\(^{2}\)

0.9771

 F \(_{(1,84)}\)

3585.43

(c) Iteration 0.01

 Simulated demand

0.9987** (0.0067)

 N

85

 R\(^{2}\)

0.9962

 F \(_{(1,84)}\)

22024.81