A model of decentralized trade is simulated with firms that produce a given commodity, and consumers who repeatedly wish to purchase on unit of that commodity. Consumers ``shop around,'' while firms may attract the attention of potential customers by sending information signals and offering good service. We use a combination of Genetic Algorithms and Classifier Systems to model each individual agent separately as a ``machine.'' The questions examined are: In how far do these individual agents create opportunities to trade? How does the information concerning these opportunities spead through the economy?, and To what extent are these opportunities traded away? In other words, How do self-organized markets emerge in the economy, and what are their characteristics?
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by Santa Fe Institute in its series Working Papers with number
94-03-013.
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).
Related research
Keywords:
Other versions of this item:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Weisbuch, Gerard & Alan Kirman & Dorothea K. Herreiner, 1996.
"Market Organization,"
Discussion Paper Serie B
391, University of Bonn, Germany.
[Downloadable!]
Other versions:
Did you know? You can import bibliographic info in various formats into you bibliographic tool, or just into your word processor. See under "publisher info" on each abstract page.