Agent-Based Modelling of a Commodity Market Dynamics
R. Gębarowskia, S. Drożdż b, A.Z. Górski b and P. Oświęcimka b
aInstitute of Physics, Cracow University of Technology, Podchorążych 1, 30-084 Kraków, Poland
bComplex Systems Theory Department, The Henryk Niewodniczański Institute of Nuclear Physics, Polish Academy of Sciences, E. Radzikowskiego 152, 31-342 Kraków, Poland
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A modification of Yasutomi's agent-based model of the commodity market is investigated. It is argued that introduced modification of the microscopic exchange rules allows for emergence of commodity exchange rates in the model. Moreover, the model scaling due to finite size effects is considered and some practical implications of such scaling are discussed.

DOI: 10.12693/APhysPolA.129.1032
PACS numbers: 89.65.Gh, 89.75.Fb, 05.45.Tp