A technology choice model inspired by Brian Arthur in a population with a network structure following an Erdos-Renyi will be analyzed with different numbers of possible technologies to investigate if the number of possible technologies has an effect on the resulting market concentration.
Outcome:
On average Erdos-Renyi network has a higher normalized Hirschman-Herfindahl index for a small number of possible technologies.
Please read the Technology choice pdf for more details.
The output:
