Dynamics of Artificial Markets on Irregular Topologies

  • Ranaivo Mahaleo RazakanirinaEmail author
  • Bastien Chopard
Conference paper
Part of the Springer Proceedings in Complexity book series (SPCOM)


We investigate the factors that influence the stability of artificial markets. We consider particularly the cases of goods, labour and money markets. On the one hand, we show that all the agents belonging to circuits of goods and labour markets remain available during the whole simulation. These particular topologies are stable. On the other hand, in the contrary, we show that the money market is sensitive to the existence of circuits. Systems with circuits crash and become chaotic with short-term loan duration.


Economical model Complex system Multilayer cellular automata on a graph Complex network Strongly connected components Lend-redeem 



We acknowledge financial support from the Swiss National Science Foundation.


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Copyright information

© Springer International Publishing Switzerland 2013

Authors and Affiliations

  • Ranaivo Mahaleo Razakanirina
    • 1
    Email author
  • Bastien Chopard
    • 1
  1. 1.University of GenevaGenevaSwitzerland

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