Agent-Based Modelling of a Commodity Market Dynamics
Authored by R Gebarowski, A Z Gorski, P Oswiecimka, S Drozdz
Date Published: 2016
DOI: 10.12693/aphyspola.129.1032
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Mathematical description
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Abstract
A modification of Yasutomi's agent-based model of the commodity market
is investigated. It is argued that introduced modification of the
microscopic exchange rules allows for emergence of commodity exchange
rates in the model. Moreover, the model scaling due to finite size
effects is considered and some practical implications of such scaling
are discussed.
Tags
emergence
money