Self-Organizing Production and Exchange
Consider autonomous agents endowed with two goods and the capability of producing each. Regularly each agent can produce one (only) of the goods or trade with other agents. Each good yields utility according to a utility function. This paper studies how utility-maximizing agents optimize in these circumstances, examines the aggregate characteristics of the resulting economy, and investigates the internal organization of production and exchange.
Year of publication: |
2003
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Authors: | Wilhite, Allen |
Published in: |
Computational Economics. - Society for Computational Economics - SCE, ISSN 0927-7099. - Vol. 21.2003, 1_2, p. 107-123
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Publisher: |
Society for Computational Economics - SCE |
Saved in:
freely available
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