The importance of timescales: Simple models for economic markets

Physica A: Statistical Mechanics and its Applications

Volumn 340, Issue 4 SPEC. ISS., 2004, Pages 668-677

  Nagel, Kai ^a,b   Shubik, Martin ^c   Strauss, Martin ^a  

^a ETH ZURICH   (Switzerland)

^b TECHNISCHE UNIVERSITÄT BERLIN   (Germany)

^c YALE UNIVERSITY   (United States)

Author keywords

Economic markets; Multi agent simulation; Nash equilibrium

Indexed keywords

CHAOS THEORY; COMPUTATIONAL METHODS; COMPUTER SIMULATION; FUNCTIONS; GAME THEORY; MARKETING; MATHEMATICAL MODELS; RANDOM PROCESSES;

ECONOMIC MARKETS; MULTI-AGENT SIMULATION; NASH EQUILIBRIUM;

INDUSTRIAL ECONOMICS;

EID: 3342913099     PISSN: 03784371     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.physa.2004.05.025     Document Type: Conference Paper

References (6)

1. Varian H.R. Microeconomic Analysis. 1992;W.W. Norton & Company, New York. (Chapter 6).
2. Hofbauer J., Sigmund K. Evolutionary Games and Replicator Dynamics. 1998;Cambridge University Press, Cambridge.
3. Bak P., Norrelykke S., Shubik M. Dynamics of money. Phys. Rev. E. 60(3):1999;2528-2532.
4. M. Strauss, Dynamic market simulations, Diploma thesis, ETH Zurich, Switzerland, see e-collection.ethbib.ethz.ch, 2001.
5. K. Nagel, M. Strauss, M. Shubik, in preparation.
6. H.v. Zuylen, H. Taale, Urban networks with ring roads: A two-level, three player game, Paper 04-1659, Transportation Research Board Annual Meeting, Washington, D.C., 2004.