Modeling a Decentralized Asset Market: An Introduction the Financial "Toy Room"

Chiaromonte F & Dosi G (1998). Modeling a Decentralized Asset Market: An Introduction the Financial "Toy Room". IIASA Interim Report. IIASA, Laxenburg, Austria: IR-98-115

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Abstract

In this paper, the authors describe a micro-founded simulation environment for decentralized trade in a financial asset. Within the philosophy of computer-simulated "artificial markets", this environment allows one to experiment in a modular fashion with (i) individual characterizations in terms of behaviors and learning, (ii) different architectural and institutional traits of the market, and (iii) time-embedding of events at the system and the individual level.

Item Type: Monograph (IIASA Interim Report)
Research Programs: Technological and Economic Dynamics (TED)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:09
Last Modified: 18 Nov 2016 10:36
URI: http://pure.iiasa.ac.at/5538

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