Abstract
Is a competitive free market the most efficient way to equally allocate rare resources among economical agents ? Many economists tend to think it is the case. This paper presents a preliminary attempt through a very Alife like model to tackle this question. Agents which are alternatively producer, seller, buyer and consumer participate in a free market to increase their welfare. The simulation is organized and presented in a UML class diagram and two types of economy, competitive and distributive, are compared. © 2011 Springer-Verlag.
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CITATION STYLE
Bersini, H. (2011). Agent-based toy modeling for comparing distributive and competitive free market. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 5778 LNAI, pp. 262–269). https://doi.org/10.1007/978-3-642-21314-4_33
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