Analyzing Economic Impact of Disruptive Technology Using Multi-Agent Simulation: Smart Payment Case
Disruptive technology creates disruptive impacts, although it takes time to identify radical technological change and analyze its subsequent economic impacts in the industry. Despite the characteristics of disruptive technology, empirical research in this area has focused on case studies and has not attempted time-variant simulation to investigate its long-time effects. To address this research void, this study adopts a multi-agent simulation technique to analyze long-time effects of a smart payment method which is regarded as a disruptive technology. Experimental results via the multi-agent simulation are meaningful and robust, and their practical implications are discussed.
KeywordsDisruptive Technology Smart Payment Mobile Payment Traditional Payment Multi-Agent Simulation
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