Agent-based double-auction simulations of multi-good traders require explicit time preference for stable prices, generate algebraic-tailed fluctuations, and produce damped or undamped oscillations once inflation expectations are added.
Phillips, ‘Mechanical models in economic dynam- ics’,‘ Economica17(67), pp283-305 (1950)
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
physics.soc-ph 1years
2026 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
Ab initio simulation of market dynamics
Agent-based double-auction simulations of multi-good traders require explicit time preference for stable prices, generate algebraic-tailed fluctuations, and produce damped or undamped oscillations once inflation expectations are added.