Yang, Jae-Suk; Kwon, Okyu; Jung, Woo-Sung; Kim, In-mook - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 22, pp. 5498-5502
The history of trade is a progression from a pure barter system. A medium of exchange emerges autonomously in the market, a position currently occupied by money. We investigate an agent-based computational economics model consisting of interacting agents considering distinguishable properties of...