Competition of Commodities for the Status of Money in an Agent-based Model

2); (2) Instytut Fizyki J\k{a}drowej PAN; Andrzej Z. G\'orski (2); Krak\'ow; Matematyki i Informatyki; Pawe{\l} O\'swi\k{e}cimka (2) ((1) Wydzia{\l} Fizyki; Poland; Poland); Politechnika Krakowska im. Tadeusza Ko\'sciuszki; Robert G\k{e}barowski (1)

arxiv: 1412.2124 · v1 · pith:V6PKVIJGnew · submitted 2014-12-05 · 💱 q-fin.ST

Competition of Commodities for the Status of Money in an Agent-based Model

Robert G\k{e}barowski (1) , Stanis{\l}aw Dro\.zd\.z (1 , 2) , Andrzej Z. G\'orski (2) , Pawe{\l} O\'swi\k{e}cimka (2) ((1) Wydzia{\l} Fizyki , Matematyki i Informatyki , Politechnika Krakowska im. Tadeusza Ko\'sciuszki , Krak\'ow

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Poland (2) Instytut Fizyki J\k{a}drowej PAN Poland)

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keywords moneycommoditiescompetitionstatusmodelagent-basedcommoditydominant

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In this model study of the commodity market, we present some evidence of competition of commodities for the status of money in the regime of parameters, where emergence of money is possible. The competition reveals itself as a rivalry of a few (typically two) dominant commodities, which take the status of money in turn.

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Competition of Commodities for the Status of Money in an Agent-based Model

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