Agent-Based Modelling of a Commodity Market Dynamics

• Authors: R. Gębarowski , S. Drożdż , A. Górski , P. Oświęcimka
• Languages of publication: EN

Abstracts

EN

A modification of Yasutomi's agent-based model of the commodity market is investigated. It is argued that introduced modification of the microscopic exchange rules allows for emergence of commodity exchange rates in the model. Moreover, the model scaling due to finite size effects is considered and some practical implications of such scaling are discussed.

Keywords

EN

89.65.Gh; 89.75.Fb; 05.45.Tp

Discipline

• 05.45.Tp: Time series analysis
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)
• 89.75.Fb: Structures and organization in complex systems

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2016
• Volume: 129
• Issue: 5
• Pages: 1032-1037

Dates

published

2016-05

Contributors

author

R. Gębarowski

• Institute of Physics, Cracow University of Technology, Podchorążych 1, 30-084 Kraków, Poland

author

S. Drożdż

• Complex Systems Theory Department, The Henryk Niewodniczański Institute of Nuclear Physics, Polish Academy of Sciences, E. Radzikowskiego 152, 31-342 Kraków, Poland

author

A. Górski

• Complex Systems Theory Department, The Henryk Niewodniczański Institute of Nuclear Physics, Polish Academy of Sciences, E. Radzikowskiego 152, 31-342 Kraków, Poland

author

P. Oświęcimka

• Complex Systems Theory Department, The Henryk Niewodniczański Institute of Nuclear Physics, Polish Academy of Sciences, E. Radzikowskiego 152, 31-342 Kraków, Poland

References

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Identifiers

DOI

10.12693/APhysPolA.129.1032