Abstract
In this research we investigate the algorithms for cooperative computation based on a market mechanism. We define economic agents as autonomous software entities that behave based on the market principle. They have their own computational capability and they are also designed to have their own utility function as defined by the market prices. We obtain both competitive and cooperative equilibrium solutions in an interdependent market and we discuss how a cooperative solution can be obtained through the decentralized computation of economic agents with self-interest seeking behaviors. We also provide an dynamic adaptive model for each economic agent, analyze the stability of the cooperative computation, and show that the convergence of the market depends on the internal model of each economic agent.
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© 2002 Springer-Verlag Berlin Heidelberg
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Ishinishi, M., Sato, H., Namatame, A. (2002). Cooperative Computation with Market Mechanism. In: Chen, SH. (eds) Evolutionary Computation in Economics and Finance. Studies in Fuzziness and Soft Computing, vol 100. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-1784-3_10
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DOI: https://doi.org/10.1007/978-3-7908-1784-3_10
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-2512-1
Online ISBN: 978-3-7908-1784-3
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