Scaling in the Donangelo-Sneppen model for evolution of money

Dietrich Stauffer and Jan P. Radomski

Physica A: Statistical Mechanics and its Applications, 2001, vol. 291, issue 1, 583-586

Abstract: The evolution of money from unsuccessful barter attempts, as modeled by Donangelo and Sneppen, is modified by a deterministic instead of a probabilistic selection of the most desired product as money. We check in particular the characteristic times of the model as a function of system size.

Date: 2001
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:291:y:2001:i:1:p:583-586

DOI: 10.1016/S0378-4371(00)00632-4

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