Competition of Commodities for the Status of Money in an Agent-based Model
Authored by R Gebarowski, S Drozdzdz, A Z Gorski, P Oswiecimka
Date Published: 2015
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Abstract
In this model study of the commodity market, we present some evidence of
competition of commodities for the status of money in the regime of
parameters, where emergence of money is possible. The competition
reveals itself as a rivalry of a few (typically two) dominant
commodities, which take the status of money in turn.
Tags
emergence