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U-Mart as a New Generation Artificial Market

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Abstract

Recent progress in complex science and computational power has brought the agent-based simulations into the second generation. These second generation agent-based simulations are modeled to replicate a real institution for policy assessment or evaluation. Along with these properties of the second generation agent simulations and of gaming simulations, U-Mart shows and analyzes particular phenomena which ordinary first generation artificial market simulators cannot. This paper introduces U-Mart and describes it usefulness.

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Authors and Affiliations

  1. Tokyo Institute of Technology, 4259 Nagatsuta-cho, Midori-ku, Yokohama, 226-8502, Japan

    Yuhsuke Koyama

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  1. Yuhsuke Koyama
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Correspondence to Yuhsuke Koyama.

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Koyama, Y. U-Mart as a New Generation Artificial Market. Evolut Inst Econ Rev 5, 53–61 (2008). https://doi.org/10.14441/eier.5.53

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  • DOI: https://doi.org/10.14441/eier.5.53

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