Multiscaling Edge Effects in an Agent-based Money Emergence Model
Multiscaling Edge Effects in an Agent-based Money Emergence Model
An agent-based computational economical toy model for the emergence of money from the initial barter trading, inspired by Menger's postulate that money can spontaneously emerge in a commodity exchange economy, is extensively studied.The model considered, while manageable, is significantly complex, however.It is already able to reveal phenomena that can be …