Modelling an Imperfect Market

Details Modelling an Imperfect Market Modelling an Imperfect Market

2000-02-09

arxiv.org/abs/cond-mat/0002138v1

Physics

Condensed Matter

12 pages RevTeX and 5 Postscript figures

Scientific paper

We propose a simple market model where agents trade different types of
products with each other by using money, relying only on local information.
Value fluctuations of single products, combined with the condition of maximum
profit in transactions, readily lead to persistent fluctuations in the wealth
of individual agents.

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