Competition of Commodities for the Status of Money in an Agent-based Model

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

Abstracts

EN

In this model study of the commodity market, we present some evidence of competition of commodities for the status of money in the regime of parameters, where emergence of money is possible. The competition reveals itself as a rivalry of a few (typically two) dominant commodities, which take the status of money in turn.

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: 2015
• Volume: 127
• Issue: 3A
• Pages: A-51-A-54

Dates

published

2015-03

Contributors

author

R. Gębarowski

• Faculty of Physics, Mathematics and Computer Science, Tadeusz Kościuszko Cracow University of Technology, Warszawska 24, 31-155 Kraków, Poland

author

S. Drożdż

• Faculty of Physics, Mathematics and Computer Science, Tadeusz Kościuszko Cracow University of Technology, Warszawska 24, 31-155 Kraków, Poland
• Institute of Nuclear Physics PAN, Radzikowskiego 152, 31-342 Kraków, Poland

author

A. Górski

• Institute of Nuclear Physics PAN, Radzikowskiego 152, 31-342 Kraków, Poland

author

P. Oświęcimka

• Institute of Nuclear Physics PAN, Radzikowskiego 152, 31-342 Kraków, Poland

References

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Identifiers

DOI

10.12693/APhysPolA.127.A-51