| Presentation | 2020-01-31 Study of Multi-Agent Economic Simulation Model Based on Microeconomics Tomoki Nakamura, Akihiro Murakami, Nao Ito, |
|---|---|
| PDF Download Page |  PDF download Page Link |
| Abstract(in Japanese) | (See Japanese page) |
| Abstract(in English) | The purpose of this study is to evaluate the effect of neutral currency as a local currency on the economy using multi-agent simulation. As a preliminary step, an economic simulation model of legal currency without neutral currency was prepared. The model consists of consumers, producers and banks. The consumers determine the demand function based on the utility maximization problem under the budget constraints. The producers determine the supply function based on the profit maximization problem. The bank determines the interest rate on the next step legal currency based on the revenue maximization problem. The market equilibrium price is obtained from the demand function and the supply function. In addition, consumers have a trend prediction function to predict and act on the current price based on the price and trend so far. Using this economic model, we investigated changes in interest rates and prices. The simulation results show that interest rates and prices fluctuate rapidly with time. It seems to be able to reproduce the complicated movement of actual economy. However, the motion is too extreme, and further modification of the model is necessary. |
| Keyword(in Japanese) | (See Japanese page) |
| Keyword(in English) | Local currency / Legal currency / Neutral money / Multi-agent simulation |
| Paper # | CAS2019-94,ICTSSL2019-63 |
| Date of Issue | 2020-01-23 (CAS, ICTSSL) |
| Conference Information | |
| Committee | ICTSSL / CAS |
|---|---|
| Conference Date | 2020/1/30(2days) |
| Place (in Japanese) | (See Japanese page) |
| Place (in English) | |
| Topics (in Japanese) | (See Japanese page) |
| Topics (in English) | |
| Chair | Yasushi Fuwa(Sinshu Univ.) / Taizo Yamawaki(Hitachi) |
| Vice Chair | Hiroshi Tamura(Chuo Univ.) / Tomotaka Wada(Kansai Univ.) / Yasuhiro Takashima(Univ. of Kitakyushu) |
| Secretary | Hiroshi Tamura(NTT) / Tomotaka Wada(Jigyo) / Yasuhiro Takashima(Hitachi) |
| Assistant | Shunichi Yokoyama(NIED) / Hiroki Sato(Sony LSI Design) / Motoi Yamaguchi(Renesas Electronics) |
| Paper Information | |
| Registration To | Technical Committee on Information and Communication Technologies for Safe and Secure Life / Technical Committee on Circuits and Systems |
|---|---|
| Language | JPN |
| Title (in Japanese) | (See Japanese page) |
| Sub Title (in Japanese) | (See Japanese page) |
| Title (in English) | Study of Multi-Agent Economic Simulation Model Based on Microeconomics |
| Sub Title (in English) | |
| Keyword(1) | Local currency |
| Keyword(2) | Legal currency |
| Keyword(3) | Neutral money |
| Keyword(4) | Multi-agent simulation |
| 1st Author's Name | Tomoki Nakamura |
| 1st Author's Affiliation | National Institute of Technology, Toyama college(NITT) |
| 2nd Author's Name | Akihiro Murakami |
| 2nd Author's Affiliation | National Institute of Technology, Toyama college(NITT) |
| 3rd Author's Name | Nao Ito |
| 3rd Author's Affiliation | National Institute of Technology, Toyama college(NITT) |
| Date | 2020-01-31 |
| Paper # | CAS2019-94,ICTSSL2019-63 |
| Volume (vol) | vol.119 |
| Number (no) | CAS-400,ICTSSL-401 |
| Page | pp.pp.153-156(CAS), pp.153-156(ICTSSL), |
| #Pages | 4 |
| Date of Issue | 2020-01-23 (CAS, ICTSSL) |