Retail Competition Agent-based Model (2020.11.27)

The Retail Competition Agent-based Model (RC-ABM) is designed to simulate the retail competition system in the Region of Waterloo, Ontario, Canada, which which explicitly represents store competition behaviour. Through the RC-ABM, we aim to answer 4 research questions: 1) What is the level of correspondence between market share and revenue acquisition for an agent-based approach compared to a traditional location-allocation-based approach? 2) To what degree can the observed store spatial pattern be reproduced by competition? 3) To what degree are their path dependent patterns of retail success? 4) What is the relationship between retail survival and the endogenous geographic characteristics of stores and consumer expenditures?

Release Notes

This is just a draft version of the RC-ABM with few comments and supplementary documents.

Associated Publications

Zhang, J., 2021. Is competition sufficient to drive observed retail location and revenue patterns? An agent-based case study (Master’s thesis, University of Waterloo).