Game theoretic analysis of the value exchange system

Miyata Sumiko, Kinoshita Hirotsugu, Morizumi Tetsuya, Chao Li

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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.

Original languageEnglish
Title of host publicationProceedings - 2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013
Pages300-305
Number of pages6
DOIs
Publication statusPublished - 2013 Oct 21
Event2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013 - Kyoto, Japan
Duration: 2013 Jul 222013 Jul 26

Publication series

NameProceedings - International Computer Software and Applications Conference
ISSN (Print)0730-3157

Other

Other2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013
CountryJapan
CityKyoto
Period13/7/2213/7/26

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Keywords

  • Electronic Commerce
  • Electronic money
  • Game theory
  • Local currency
  • Market game

ASJC Scopus subject areas

  • Software
  • Computer Science Applications

Cite this

Sumiko, M., Hirotsugu, K., Tetsuya, M., & Li, C. (2013). Game theoretic analysis of the value exchange system. In Proceedings - 2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013 (pp. 300-305). [06605806] (Proceedings - International Computer Software and Applications Conference). https://doi.org/10.1109/COMPSACW.2013.46