Complex Systems Modeling of Community Inclusion Currencies

Andrew Clark (), Alexander Mihailov () and Michael Zargham ()

Working Paper Series/Institute for Cryptoeconomics/Interdisciplinary Research from WU Vienna University of Economics and Business

Abstract: This paper proposes a complex dynamic system subpopulation model for the construction and validation of a novel form of local complementary currency, namely the Grassroots Economics Foundation’s Community Inclusion Currency (CIC) implemented recently in Kenya. First, we highlight that CICs can act as a local liquidity-provision institutional device in poor or isolated economic regions, thereby serving as a market-based mechanism to alleviate poverty. Second, we elicit 50 heterogeneous utility types according to observed transactions behavior in our rich data set, i.e., via revealed – and recorded – preferences, and build a corresponding model and simulation at a meso-economic level.

Keywords: Community Inclusion Currencies; Blockchain Technologies; Poverty Alleviation; Eliciting Utility Types; Complex Dynamic Systems; Subpopulation Simulation (search for similar items in EconPapers)
Date: 2022-07-08
New Economics Papers: this item is included in nep-hme, nep-pay and nep-upt
References: Add references at CitEc
Citations:

Downloads: (external link)
https://epub.wu.ac.at/8664/ original version (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://epub.wu.ac.at/8664/ [308 PERMANENT REDIRECT]--> https://epub.wu.ac.at/id/eprint/8664 [302 FOUND]--> https://research.wu.ac.at/en/publications/dd472220-81a0-493c-b6bd-74f3aa5e13c4)

Related works:
Journal Article: Complex Systems Modeling of Community Inclusion Currencies (2024)
Working Paper: Complex Systems Modeling of Community Inclusion Currencies (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wiw:wus051:8664

Access Statistics for this paper

More papers in Working Paper Series/Institute for Cryptoeconomics/Interdisciplinary Research from WU Vienna University of Economics and Business Welthandelsplatz 1, 1020 Vienna, Austria.
Bibliographic data for series maintained by WU Library ().