Emergence and collapse of money through reciprocity

Shuji Shinohara, Yukio Pegio Gunji

研究成果: Article査読

18 被引用数 (Scopus)

抄録

In this paper we discuss that monetary exchange emerges in a reciprocal system which consists of donations and returns. Agents reciprocate goods alternately without bilateral agreement in the system, that is constructed not from the viewpoint of the recipient, but from the one of the reciprocator. Moreover, reciprocity is regarded as interaction with incomplete identification consisting of the alternate procedure of constructing a map from coarse-grained data by a contraction mapping and of applying the map to fine-grained data. We show that reciprocity gives rise to the monetary exchange which implies globality without the concept of metric space or global semantics. It seems that interaction with incomplete identification does not carry the notion of globality. On the contrary, in our model globality paradoxically occurs from the accumulation of indefinite incomplete identification.

本文言語English
ページ(範囲)131-150
ページ数20
ジャーナルApplied Mathematics and Computation
117
2-3
DOI
出版ステータスPublished - 2001 1月 25
外部発表はい

ASJC Scopus subject areas

  • 計算数学
  • 応用数学

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