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題名 Heterogeneity, Price Discovery and Inequality in an Agent- Based Scarf Economy
作者 陳樹衡
Chen, Shu-Heng;Chie, Bin-Tzong;Kao, Ying-Fang;Magerl, Wolfgang;Venkatachalam, Ragupathy
Chen, Shu-Heng
貢獻者 經濟系
關鍵詞 Non-tâtonnement processes ; Coordination ; Learning Agent-based modeling ; Walrasian general equilibrium ; Heterogeneous agents
日期 2018-11
上傳時間 19-Jan-2019 16:01:20 (UTC+8)
摘要 In this chapter, we develop an agent-based Scarf economy with heterogeneous agents, who have private prices and adaptively learn from their own experiences and those of others through a meta-learning model. We study the factors affecting the efficacy of price discovery and coordination to the Walrasian Equilibrium. We also find that payoff inequality emerges endogenously over time among the agents and this is traced back to intensity of choice (a behavioural parameter) and the associated strategy choices. Agents with high intensities of choice suffer lower payoffs if they do not explore and learn from other agents.
關聯 Complex Systems Modeling and Simulation in Economics and Finance, Springer International Publishing, pp.113-139 Chapter 6
資料類型 book/chapter
DOI http://dx.doi.org/10.1007/978-3-319-99624-0
dc.contributor 經濟系zh_TW
dc.creator (作者) 陳樹衡
dc.creator (作者) Chen, Shu-Heng;Chie, Bin-Tzong;Kao, Ying-Fang;Magerl, Wolfgang;Venkatachalam, Ragupathy
dc.creator (作者) Chen, Shu-Heng
dc.date (日期) 2018-11
dc.date.accessioned 19-Jan-2019 16:01:20 (UTC+8)-
dc.date.available 19-Jan-2019 16:01:20 (UTC+8)-
dc.date.issued (上傳時間) 19-Jan-2019 16:01:20 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/122010-
dc.description.abstract (摘要) In this chapter, we develop an agent-based Scarf economy with heterogeneous agents, who have private prices and adaptively learn from their own experiences and those of others through a meta-learning model. We study the factors affecting the efficacy of price discovery and coordination to the Walrasian Equilibrium. We also find that payoff inequality emerges endogenously over time among the agents and this is traced back to intensity of choice (a behavioural parameter) and the associated strategy choices. Agents with high intensities of choice suffer lower payoffs if they do not explore and learn from other agents.en_US
dc.format.extent 1837897 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Complex Systems Modeling and Simulation in Economics and Finance, Springer International Publishing, pp.113-139 Chapter 6
dc.subject (關鍵詞) Non-tâtonnement processes ; Coordination ; Learning Agent-based modeling ; Walrasian general equilibrium ; Heterogeneous agentsen_US
dc.title (題名) Heterogeneity, Price Discovery and Inequality in an Agent- Based Scarf Economyen_US
dc.type (資料類型) book/chapter
dc.identifier.doi (DOI) 10.1007/978-3-319-99624-0_6
dc.doi.uri (DOI) http://dx.doi.org/10.1007/978-3-319-99624-0