IDEAS home Printed from
   My bibliography  Save this paper

Toward a Theory and Agent-Based Model of the Networked Economy


  • Sergei Parinov

    () (IEIE)


What kind of information interactions among agents makes possible a functioning of socio-economic systems? What theory do we need to describe the fundamental principles of agents' information interactions? What is the model to simulate functioning of networked economy arisen in Information Society? How we should organize artificial environments where our "intelligent information agents" will interact with each other to help us in our online communications inside numerous human communities? The main purpose of this article is to suggest answers on these questions. Following statements are discussed in the article: Rapid development of Information Society and its Networked Economy attracts attention to the role of information interactions in functioning of social systems. Information interactions are the more fundamental level to describe a functioning of a social and economic system then market or hierarchical interactions. Central element of agents' information interactions is "collective information model" of their environment. There are some limits on information interactions related with parameters of economic system. Institutional structures are able to channel information interactions beyond the limits. Market and hierarchical interactions are just special cases of such channels. Simplest model of economic system functioning with information interactions includes five types of objects (macro-technology, information space, institutional structures, collective information models, and human actors).

Suggested Citation

  • Sergei Parinov, 1999. "Toward a Theory and Agent-Based Model of the Networked Economy," Russian Working Paper Archive for Economists and Sociologists 827080, The Institute of Economics and Industrial Engineering of SD of RAS.
  • Handle: RePEc:nos:econom:827080

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Polyakovsky, Sergey & M'Hallah, Rym, 2009. "An agent-based approach to the two-dimensional guillotine bin packing problem," European Journal of Operational Research, Elsevier, vol. 192(3), pages 767-781, February.

    More about this item


    information interactions; institutional structures; mental model; agent-based simulation;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:econom:827080. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergei Parinov). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.