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Analyzing Economic Impact of Disruptive Technology Using Multi-Agent Simulation: Smart Payment Case

  • Kun Chang Lee
  • Young Wook Seo
  • Min Hee Hahn
Part of the Lecture Notes in Computer Science book series (LNCS, volume 6485)

Abstract

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.

Keywords

Disruptive Technology Smart Payment Mobile Payment Traditional Payment Multi-Agent Simulation 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Kun Chang Lee
    • 1
    • 2
  • Young Wook Seo
    • 3
  • Min Hee Hahn
    • 4
  1. 1.SKK Business SchoolSungkyunkwan UniversitySeoulRepublic of Korea
  2. 2.Department of Interaction ScienceSungkyunkwan UniversitySeoulRepublic of Korea
  3. 3.Software Engineering CenterNIPA(National IT Industry Promotion Agency)SeoulRepublic of Korea
  4. 4.Business Management Unit, LG CNS CO., Ltd.Republic of Korea

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