TY - GEN
T1 - Game theoretic analysis of the value exchange system
AU - Sumiko, Miyata
AU - Hirotsugu, Kinoshita
AU - Tetsuya, Morizumi
AU - Li, Chao
PY - 2013
Y1 - 2013
N2 - 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.
AB - 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.
KW - Electronic Commerce
KW - Electronic money
KW - Game theory
KW - Local currency
KW - Market game
UR - http://www.scopus.com/inward/record.url?scp=84885574373&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84885574373&partnerID=8YFLogxK
U2 - 10.1109/COMPSACW.2013.46
DO - 10.1109/COMPSACW.2013.46
M3 - Conference contribution
AN - SCOPUS:84885574373
SN - 9780769549873
T3 - Proceedings - International Computer Software and Applications Conference
SP - 300
EP - 305
BT - Proceedings - 2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013
T2 - 2013 IEEE 37th Annual Computer Software and Applications Conference Workshops, COMPSACW 2013
Y2 - 22 July 2013 through 26 July 2013
ER -