Self-organization and money in a marktplace - an agent-based computational approach

dc.contributorZarama Urdaneta, Roberto
dc.creatorMotta Franco, Felipe Andres
dc.date.accessioned2018-09-28T23:05:44Z
dc.date.available2018-09-28T23:05:44Z
dc.date.created2018-09-28T23:05:44Z
dc.date.issued2005
dc.identifierhttp://hdl.handle.net/1992/22109
dc.identifierinstname:Universidad de los Andes
dc.identifierreponame:Repositorio Institucional Séneca
dc.identifierrepourl:https://repositorio.uniandes.edu.co/
dc.description.abstractA decentralized pre-capitalist economy (agents are self-employed and there is no capital accumulation) is simulated with agents that produce a given commodity and demand the commodities that other agents produce. Trade takes place on the marketplace where agents sell their respective commodity at the price they set, and find potential sellers of other goods they wish to purchase. All prices are nominal and transactions are made with fiat money. The main objective of this paper is to present an example of how market self-organization emerges from the decentralized interaction of self-interested agents. The impact of different monetary rules and supply shocks on the macroeconomic stability is also addressed.
dc.languageeng
dc.publisherUniandes
dc.publisherIngeniería Industrial
dc.publisherFacultad de Ingeniería
dc.publisherDepartamento de Ingeniería Industrial
dc.rightsAl consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.
dc.rightshttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.sourceinstname:Universidad de los Andes
dc.sourcereponame:Repositorio Institucional Séneca
dc.titleSelf-organization and money in a marktplace - an agent-based computational approach
dc.typeTrabajo de grado - Pregrado


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