Simple Agent-based Computational Model of Market Without Intermediation

KVASNIČKA, Michal. Simple Agent-based Computational Model of Market Without Intermediation. In 5. bienální konference ČSE. 2008.

Basic information

• Original name: Simple Agent-based Computational Model of Market Without Intermediation
• Name in Czech: Jednoduchý agent-base computational model trhu bez zprostředkování
• Authors: KVASNIČKA, Michal (203 Czech Republic, guarantor, belonging to the institution).
• Edition: 5. bienální konference ČSE, 2008.

Other information

• Original language: English
• Type of outcome: Requested lectures
• Field of Study: 50200 5.2 Economics and Business
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• RIV identification code: RIV/00216224:14560/08:00058795
• Organization unit: Faculty of Economics and Administration
• Keywords (in Czech): trh; efektivnost; agentový model
• Keywords in English: market; efficiency; agent-based computational model
• Tags: agent-based computational model, Market
• Tags: International impact, Reviewed

Abstract

This paper describes an agent-based computational model of a market with reservation prices without intermediation. The market institutions are parameterized, and cover Smith's CDA market, Chamberlin's unorganized market, and many other types of markets. The model allows us to estimate the relative contribution of the individual institutional elements to the market efficiency.

Abstract (in Czech)

Test popisuje agentový model trhu s rezervačními cenami bez zprostředkování. Tržní instituce jsou parametrizovány a pokrývají Smithův CDA market, Chamberlinův neorganizovaný trh a mnoho dalších typů trhů. Model umožňuje zkoumat relativní přínos jednotlivých prvků tržních institucí k celkové efektivitě trhu.