Abstracts of Annual Conference of Japan Society for Management Information
Annual Conference of Japan Society for Management Information 2011 Autumn
Session ID : D1-1
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Influence of parameter conditions on the emergent behavior of agent-based artificial economic system
*iwao aidakousei takashimashigeaki ogibayashi
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Abstract
In the Agent-based modeling of macroeconomic system, one of the authors have confirmed the reproduction of the basic economic behaviors such as the loose equilibrium of price, business cycle in an artificial economic system composed of consumers, producers, a bank. In this study, distribution of fundamental properties in the previously developed artificial economic system such as the change in GDP during each period, consumer's asset, difference in market price of same product class, sales of each producer, etc. have been analyzed and it has been revealed that distributions of those properties are represented by power law distribution. In addition, the influence of parameter conditions such as the number of agents on the emergent behaviors has been analyzed.
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© 2011 by Japan Society for Management Information
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