A Self-organising Model of Market with Single Commodity

Details A Self-organising Model of Market with Single Commodity A Self-organising Model of Market with Single Commodity

2000-12-21

arxiv.org/abs/cond-mat/0012405v1

Physica A 297, 253 (2001)

Physics

Condensed Matter

Statistical Mechanics

8 pages, 3 figures (encapsulated postscript)

Scientific paper

10.1016/S0378-4371(01)00195-9

We have studied here the self-organising features of the dynamics of a model market, where the agents `trade' for a single commodity with their money. The model market consists of fixed numbers of economic agents, money supply and commodity. We demonstrate that the model, apart from showing a self-organising behaviour, indicates a crucial role for the money supply in the market and also its self-organising behaviour is seen to be significantly affected when the money supply becomes less than the optimum. We also observed that this optimal money supply level of the market depends on the amount of `frustration' or scarcity in the commodity market.

Affiliated with

Also associated with

No associations

Rating

A Self-organising Model of Market with Single Commodity does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with A Self-organising Model of Market with Single Commodity, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and A Self-organising Model of Market with Single Commodity will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-662522