![]() ![]() ![]() ![]() The use of agent-based modelling in the context of a multistage game is new and hence provides a valuable contribution to both streams of the literature. By combining the two, we can model micro-based social order as it emerges out of local interactions. Game theoretic insights into strategic behavior and equilibrium states can provide useful theoretic underpinnings for agent-based approaches in regional science. We construct an agent-based version of Hotelling’s two-stage game of spatial competition and explore the possibilities of creating synergies between the two approaches. This paper combines game theory and agent-based modelling, two powerful tools that economists use to understand the behavior of economic agents. ![]()
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