A computational laboratory for evolutionary trade networks

Abstract

This study presents, motivates, and illustrates the use of a computational laboratory (CL) for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The CL, referred to as the Trade Network Game Laboratory (TNG Lab), is targeted for the Microsoft Windows desktop. The TNG Lab is both modular and extensible and has a clear easily operated graphical-user interface. It permits visualization of the formation and evolution of trade networks by means of real-time animations. Data tables and charts reporting descriptive performance statistics are also provided in real time. The capabilities of the TNG Lab are demonstrated by means of labor-market experiments.