Paper Abstract and Keywords |
Presentation |
2020-01-31 16:00
Study of Multi-Agent Economic Simulation Model Based on Microeconomics Tomoki Nakamura, Akihiro Murakami, Nao Ito (NITT) CAS2019-94 ICTSSL2019-63 |
Abstract |
(in Japanese) |
(See Japanese page) |
(in English) |
The purpose of this study is to evaluate the effect of neutral currency as a local currency on the economy using multi-agent simulation. As a preliminary step, an economic simulation model of legal currency without neutral currency was prepared. The model consists of consumers, producers and banks. The consumers determine the demand function based on the utility maximization problem under the budget constraints. The producers determine the supply function based on the profit maximization problem. The bank determines the interest rate on the next step legal currency based on the revenue maximization problem. The market equilibrium price is obtained from the demand function and the supply function. In addition, consumers have a trend prediction function to predict and act on the current price based on the price and trend so far. Using this economic model, we investigated changes in interest rates and prices. The simulation results show that interest rates and prices fluctuate rapidly with time. It seems to be able to reproduce the complicated movement of actual economy. However, the motion is too extreme, and further modification of the model is necessary. |
Keyword |
(in Japanese) |
(See Japanese page) |
(in English) |
Local currency / Legal currency / Neutral money / Multi-agent simulation / / / / |
Reference Info. |
IEICE Tech. Rep., vol. 119, no. 400, CAS2019-94, pp. 153-156, Jan. 2020. |
Paper # |
CAS2019-94 |
Date of Issue |
2020-01-23 (CAS, ICTSSL) |
ISSN |
Print edition: ISSN 0913-5685 Online edition: ISSN 2432-6380 |
Copyright and reproduction |
All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034) |
Download PDF |
CAS2019-94 ICTSSL2019-63 |
Conference Information |
Committee |
ICTSSL CAS |
Conference Date |
2020-01-30 - 2020-01-31 |
Place (in Japanese) |
(See Japanese page) |
Place (in English) |
|
Topics (in Japanese) |
(See Japanese page) |
Topics (in English) |
|
Paper Information |
Registration To |
CAS |
Conference Code |
2020-01-ICTSSL-CAS |
Language |
Japanese |
Title (in Japanese) |
(See Japanese page) |
Sub Title (in Japanese) |
(See Japanese page) |
Title (in English) |
Study of Multi-Agent Economic Simulation Model Based on Microeconomics |
Sub Title (in English) |
|
Keyword(1) |
Local currency |
Keyword(2) |
Legal currency |
Keyword(3) |
Neutral money |
Keyword(4) |
Multi-agent simulation |
Keyword(5) |
|
Keyword(6) |
|
Keyword(7) |
|
Keyword(8) |
|
1st Author's Name |
Tomoki Nakamura |
1st Author's Affiliation |
National Institute of Technology, Toyama college (NITT) |
2nd Author's Name |
Akihiro Murakami |
2nd Author's Affiliation |
National Institute of Technology, Toyama college (NITT) |
3rd Author's Name |
Nao Ito |
3rd Author's Affiliation |
National Institute of Technology, Toyama college (NITT) |
4th Author's Name |
|
4th Author's Affiliation |
() |
5th Author's Name |
|
5th Author's Affiliation |
() |
6th Author's Name |
|
6th Author's Affiliation |
() |
7th Author's Name |
|
7th Author's Affiliation |
() |
8th Author's Name |
|
8th Author's Affiliation |
() |
9th Author's Name |
|
9th Author's Affiliation |
() |
10th Author's Name |
|
10th Author's Affiliation |
() |
11th Author's Name |
|
11th Author's Affiliation |
() |
12th Author's Name |
|
12th Author's Affiliation |
() |
13th Author's Name |
|
13th Author's Affiliation |
() |
14th Author's Name |
|
14th Author's Affiliation |
() |
15th Author's Name |
|
15th Author's Affiliation |
() |
16th Author's Name |
|
16th Author's Affiliation |
() |
17th Author's Name |
|
17th Author's Affiliation |
() |
18th Author's Name |
|
18th Author's Affiliation |
() |
19th Author's Name |
|
19th Author's Affiliation |
() |
20th Author's Name |
|
20th Author's Affiliation |
() |
Speaker |
Author-1 |
Date Time |
2020-01-31 16:00:00 |
Presentation Time |
20 minutes |
Registration for |
CAS |
Paper # |
CAS2019-94, ICTSSL2019-63 |
Volume (vol) |
vol.119 |
Number (no) |
no.400(CAS), no.401(ICTSSL) |
Page |
pp.153-156 |
#Pages |
4 |
Date of Issue |
2020-01-23 (CAS, ICTSSL) |
|