What is it about?
Proposes an evolutionary framework for agents in electronic marketplaces and studies how different strategies produce different economic outcomes.
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Why is it important?
The framework is implemented in a simulation of a circular city where the density of customers is inversely proportional to the distance from the city center and where suppliers have a fixed pricing level strategy. Suppliers are removed when their profits become negative and new suppliers are created. We study how strategies survive and new strategies emerge.
Perspectives
The publication is a summary of a larger project.
Maria Gini
University of Minnesota Twin Cities
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This page is a summary of: An evolutionary framework for studying behaviors of economic agents, January 2003, ACM (Association for Computing Machinery),
DOI: 10.1145/860722.860780.
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