Regensburg 2004 – scientific programme

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AKSOE: Physik sozio-ökonomischer Systeme

AKSOE 3: Postersitzung

AKSOE 3.8: Poster

Monday, March 8, 2004, 16:00–18:00, Poster D

Fairness – The Paradise State in a Network of Trading Agents — •Juan G. Diaz O., Elena Ramirez Barrios, and Johannes J. Schneider — Institute for Physics, Johannes Gutenberg University, Staudinger Weg 7, D-55099 Mainz, Germany

The definition of fairness in economy is based on the comparison of the agents’ goods, taking into account the preferences of each agent. The first ingredient is the exchange of goods in a space where there are only finite numbers of goods. The second ingredient is the possibility that each agent gets some goods from some markets as well as from the exchange with other agents. The third ingredient is the expression of the revealed agents’ preferences. With this three ingredients, we developed a simulation of a net trade of agents in order to show that there is an equilibrium in the distribution of goods and eventually to demonstrate that we can define fairness in a multi-agent system.