IDEAS home Printed from https://ideas.repec.org/p/nos/econom/827080.html
   My bibliography  Save this paper

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

Author

Listed:
  • Sergei Parinov

    (IEIE)

Abstract

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
    as

    Download full text from publisher

    File URL: http://rvles.ieie.nsc.ru/parinov/theory/eng/index.htm
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Engelhardt, Sebastian v. & Freytag, Andreas, 2013. "Institutions, culture, and open source," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 90-110.
    2. Schmid, Andreas, 2007. "Incentive Compatibility and Efficiency in the contractual Insurer-Provider Relationship: Economic Theory and practical Implications: The Case of North Carolina," MPRA Paper 23311, University Library of Munich, Germany, revised 2008.
    3. Jacques Fontanel, 2000. "L’Etat, garant de l’intérêt général ou de certains intérêts particuliers," Post-Print hal-02880886, HAL.
    4. Carlos Esteban Posada, 1998. "Los mercados de instituciones y las instituciones endogenas," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 48, pages 149-168, Enero Jun.
    5. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    6. Clarisse Cazals & A. Rivaud, 2014. "Sectoral heritage and performances of aquaculture [Patrimoine sectoriel et performances le cas de l'aquaculture]," Post-Print hal-01581325, HAL.
    7. Farla, Kristine, 2012. "Institutions and credit," MERIT Working Papers 2012-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. Banterle, Alessandro & Stranieri, Stefanella, 2008. "The consequences of voluntary traceability system for supply chain relationships. An application of transaction cost economics," Food Policy, Elsevier, vol. 33(6), pages 560-569, December.
    9. Luis Alfonso Dau & Aya S. Chacar & Marjorie A. Lyles & Jiatao Li, 2022. "Informal institutions and international business: Toward an integrative research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 985-1010, August.
    10. Brian J. L. Berry, 1995. "Whither Regional Science?," International Regional Science Review, , vol. 17(3), pages 297-305, July.
    11. Jonathan D. Ritschel, 2012. "Efficacy of US Legislation in Military Acquisition Programmes: N unn– M cCurdy Act Unveiled," Economic Papers, The Economic Society of Australia, vol. 31(4), pages 491-500, December.
    12. Gaoussou Diarra & Sébastien Marchand, 2011. "Environmental Compliance, Corruption and Governance: Theory and Evidence on Forest Stock in Developing Countries," Working Papers halshs-00557677, HAL.
    13. Michael Fritsch & Korneliusz Pylak & Michael Wyrwich, 2019. "Persistence of Entrepreneurship in Different Historical Contexts," Jena Economics Research Papers 2019-003, Friedrich-Schiller-University Jena.
    14. Marion Payen & Patrick Rondé, 2020. "Culture, Institutions and Economic Growth," Working Papers of BETA 2020-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    15. Jefferson, Gary H., 1997. "China's economic future: A discussion paper," Journal of Asian Economics, Elsevier, vol. 8(4), pages 581-595.
    16. Jacques Fontanel, 2000. "L’arme économique et son application dans l’histoire contemporaine," Post-Print hal-02880893, HAL.
    17. Ying Ma & Abdul Jalil, 2008. "Financial Development, Economic Growth and Adaptive Efficiency: A Comparison between China and Pakistan," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(6), pages 97-111, November.
    18. Caballero-Miguez, Gonzalo & Fernández-González, Raquel, 2015. "Institutional analysis, allocation of liabilities and third-party enforcement via courts: The case of the Prestige oil spill," Marine Policy, Elsevier, vol. 55(C), pages 90-101.
    19. Joachim Ahrens & Patrick Jünemann, 2011. "Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style," Chapters, in: Werner Pascha & Cornelia Storz & Markus Taube (ed.), Institutional Variety in East Asia, chapter 2, Edward Elgar Publishing.
    20. John M. Cobin, 2013. "The Effectiveness of Delhi's Fire Safety Regulation Amidst Poverty, Ignorance, Corruption and Non-Compliance," Economic Affairs, Wiley Blackwell, vol. 33(3), pages 361-378, October.

    More about this item

    Keywords

    information interactions; institutional structures; mental model; agent-based simulation;
    All these keywords.

    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:

    Statistics

    Access and download statistics

    Corrections

    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.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sergei Parinov (email available below). General contact details of provider: http://www.ieie.nsc.ru/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.