Transactions of the Institute of Systems, Control and Information Engineers
Online ISSN : 2185-811X
Print ISSN : 1342-5668
ISSN-L : 1342-5668
A Study on Artificial Market based on Economics of Complex Systems
Toshiya KAIHARASusumu FUJIIKenji OHYA
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2004 Volume 17 Issue 4 Pages 170-177

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Abstract

We propose a complex market-oriented programming framework based on the economics of complex systems, and develop a complex artificial market with multi-agent paradigm in this paper. Three types of heterogeneous agents are defined in the complex artificial market. It is confirmed that their interactions with micro behaviour emerge a macro order of the artificial market, and the clearing price dynamism can be analysed in economic terms. The applicability of the framework into resource allocation problem for B2B commerce is also discussed.

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