On agent-based virtual economies –pursuing goals and measuring efficiency

Abstract

Creating an artificial economic system also requires the definition of goals and establishing means of measuring efficiency. Our project is focused on the agent-oriented economic system where individual agents represent either production facilities or workers/consumers. In order to create an efficient system, several problems have to be addressed: goal definition, environment definition and agent specification, resulting in a well-specified embodiment of an agent. This work will be focused on the definition of goals and measuring of efficiency in such economic systems.