Title :
Game theoretic analysis of the value exchange system
Author :
Sumiko, Miyata ; Hirotsugu, Kinoshita ; Tetsuya, Morizumi ; Chao Li
Author_Institution :
Fac. of Eng., Kanagawa Univ., Yokohama, Japan
Abstract :
Recently, the idea of using local currency has been attracting attention as a way of circulating goods and services in local communities. However, if users of this currency in the same community have a variety of values, it may be difficult to circulate goods and services. For this reason, we have devised value exchange systems using a local currency embodying the variety of values for exchanging services and values. The systems studied so far increase trading in the community. However, they assume that there are only two users in a community. Moreover, users may not always be satisfied in the previous systems. In this paper, we extend our system to n users by using game theory. Moreover, we examine the condition under which all users in a community can be satisfied by using the core of game theory.
Keywords :
foreign exchange trading; game theory; game theoretic analysis; local currency; value exchange system; Communities; Equations; Game theory; Games; Information services; Mathematical model; Vectors; Electronic Commerce; Electronic money; Game theory; Local currency; Market game;
Conference_Titel :
Computer Software and Applications Conference Workshops (COMPSACW), 2013 IEEE 37th Annual
Conference_Location :
Japan
DOI :
10.1109/COMPSACW.2013.46