The Emergence of Money: Computational Approaches with Fully and Boundedly Rational Agents

We discuss the emergence of money in a Kiyotaki and Wright (J Polit Econ 97:927–954, 1989 ) environment through two computational methodologies. One assumes that agents are fully rational and coordinate on Nash equilibria. The other considers boundedly rational agents whose choices are guided by a c...

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Veröffentlicht in:	Computational economics 2021-06, Vol.58 (1), p.3-26
Hauptverfasser:	Babutsidze, Zakaria, Iacopetta, Maurizio
Format:	Artikel
Sprache:	eng
Schlagworte:	Agents Algorithms Behavior Behavioral/Experimental Economics Classifiers Computation Computer Appl. in Social and Behavioral Sciences Cost analysis Economic models Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Emergence Equilibrium Experiments Game theory Humanities and Social Sciences Laboratories Math Applications in Computer Science Money Operations Research/Decision Theory Rationality
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