Proceedings of the Annual Conference of the Institute of Systems, Control and Information Engineers
The 47th Annual Conference of the Institute of Systems, Control and Information Engineers
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Artificial Market Development based on Economics of Complex Systems
Aimed at Knowledge-Intensive Goods
Toshiya Kaihara, Susumu Fujii, Kenji Ohya
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Keywords: Artificial market, Multi agent, Economics of complex systems, Law of increasing returns
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Pages 5007

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Abstract
In recent years, products in each industry have shifted to knowledge-insentive from resource-insentive. In this research, we construct an artificial market based on the model of “ Economics of Complex Systems ” , and incorporate “ law of increasing returns ” in this market. We analyze various phenomena produced in this market.
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© 2003 The Institute of Systems, Control and Information Engineers
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