Modeling a Decentralized Asset Market: An Introduction to the Financial "Toy-Room"

Francesca Chiaromonte and Giovanni Dosi

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: In this paper, we describe a micro-founded simulation enviroment for decentralized trade in financial asset. Within the philosophy of computer simulated "artificial markets", this enviroments allows one to experiment in a modular fashion with (i) individual characterizations in terms of behaviors and learning, (ii) different architectural and institutional traits of the market, and (iii) time-embedding of events at the system and the individual level.

Date: 1999-11-12
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Working Paper: Modeling a Decentralized Asset Market: An Introduction the Financial "Toy Room" (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:1999/02

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