Artificial economic life: a simple model of a stockmarket
Proceedings of the NATO advanced research workshop and EGS topical workshop on Chaotic advection, tracer dynamics and turbulent dispersion
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Is a competitive free market the most efficient way to equally allocate rare resources among economical agents? Many economists tend to think it is the case. This paper presents a preliminary attempt through a very Alife like model to tackle this question. Agents which are alternatively producer, seller, buyer and consumer participate in a free market to increase their welfare. The simulation is organized and presented in a UML class diagram and two types of economy, competitive and distributive, are compared.