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
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;
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
DOI :
10.1109/ICMSS.2009.5303168
