Scaling in the Donangelo-Sneppen model for evolution of money

The evolution of money from unsuccessful barter attempts, as modeled by Donangelo and Sneppen, is modified by a deterministic instead of a probabilistic selection of the most desired product as money. We check in particular the characteristic times of the model as a function of system size.

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Year of publication:	2001
Authors:	Stauffer, Dietrich ; P. Radomski, Jan
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 291.2001, 1, p. 583-586
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010874007