SIMULATING A MULTIPRODUCT BARTER EXCHANGE ECONOMY

Efficient Dynamic Barter Exchange

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The Distribution of Inventory Holdings in a Pure Exchange Barter Search Economy

A dynamic model of barter exchange

We consider the problem of efficient operation of a barter exchange platform for indivisible goods. We introduce a dynamic model of barter exchange where in each period one agent arrives with a single item she wants to exchange for a different item. We study a homogeneous and stochastic environment: an agent is interested in the item possessed by another agent with probability p, independently ...

On the economy of Web links: Simulating the exchange process

In the modern web economy hyperlinks have already attained monetary value as incoming links to a web site can increase its visibility on major search engines. Thus links can be viewed as investment instruments that can be the subject of an exchange process. In this study we build a simple model performed by rational agents, whereby links can be bought and sold. Through simulation we achieve con...

The New Barter Economy: An Appraisal of Local Exchange and Trading Systems (LETS)

A new form of barter economy is emerging in many industrial nations. People are exchanging goods and services through Local Exchange and Trading Systems (LETS). These are local associations whose members list their offers of, and requests for, goods and services in a directory and then exchange them priced in a local unit of currency. Using a United Kingdom case study of Totnes LETS, this paper...