The emergence of economic organization

Article Abstract:

A computer simulation in which specialist trading firms follow adaptive rules to perform transactions shows that even when starting from an autarkic position, a well developed market economy will appear independently.

Economics, Research and Development in the Social Sciences and Humanities, Research, Markets (Economics), Exchange

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On the emergence of exchange and mediation in a production economy

Article Abstract:

A simulated two good production economy, where agents spend time either in production or trading, reveals that both mediated and direct trade can occur in several setups.

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The effect of decision costs on the formation of market-intermediaries: a pilot experiment

Article Abstract:

A computer game is used to analyze the effect of decision costs on the trade development and subjects in an experimental economy.

Statistical Data Included

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