DocumentCode
2130403
Title
A Simulation Study on Evolution of Financial Innovation System
Author
Shi Dan ; Wang Renxiang ; Wang Qizhuang
Author_Institution
Sch. of Econ., Wuhan Univ. of Technol., Wuhan, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
4
Abstract
The financial innovation system is a complex adaptive system. Based on complex adaptive system theory, this paper simulates the process of financial innovation of multi-agents in the financial innovation system. The result implies that cooperative innovation and monopolistic competition are more propitious to the evolution of financial innovation system than independent innovation and oligopsony. It is also shown that cooperative innovation can bring on the network emergence of the financial innovation system.
Keywords
adaptive systems; finance; multi-agent systems; complex adaptive system theory; cooperative innovation; financial innovation system; monopolistic competition; multi-agents innovation; system evolution; Adaptive systems; Computational modeling; Computer simulation; Content addressable storage; Educational institutions; Educational products; Flowcharts; Government; Humans; Technological innovation;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Electronic_ISBN
978-1-4244-4639-1
Type
conf
DOI
10.1109/ICMSS.2009.5303168
Filename
5303168
Link To Document