A Price Stabilization Model in Networks

Abstract

We consider a multiagent network model consisting of nodes and edges as cities and their links to neighbors, respectively. Each network node has an agent and priced goods and the agent can buy or sell goods in the neighborhood. Though every node may not have an equal price, we show the prices will reach an equilibrium by iterating buy and sell operations… (More)

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Cite this paper

@inproceedings{Kiniwa2017APS, title={A Price Stabilization Model in Networks}, author={Jun Kiniwa and Kensaku Kikuta and Hiroaki Sandoh}, year={2017} }