We present a simple model of a crucial phenomena of modern societies: The transition from a local mode of production to a centralized one, leading to economies of scale and mass production, that circulates in long-distance networks. Agents combine two distinct (and limited) resources, time and raw materials, either to produce for self-consumption or to sell on the market. The model shows a rich landscape of diverse production regimes, including mixed regimes where agents optimize utility by combining time spent working for the market, for self-subsistence or by taking time off.
We present a simple model of a crucial phenomena of modern societies: The transition from a local mode of production to a centralized one, leading to economies of scale and mass production, that circulates in long-distance networks. Agents combine two distinct (and limited) resources, time and raw materials, either to produce for self-consumption or to sell on the market. The model shows a rich landscape of diverse production regimes, including mixed regimes where agents optimize utility by combining time spent working for the market, for self-subsistence or by taking time off.
Building a formal model of the effectiveness of modeling in the face of variability in the world
BENITO CALVIÑO, GUILLERMO
2023/2024
Abstract
We present a simple model of a crucial phenomena of modern societies: The transition from a local mode of production to a centralized one, leading to economies of scale and mass production, that circulates in long-distance networks. Agents combine two distinct (and limited) resources, time and raw materials, either to produce for self-consumption or to sell on the market. The model shows a rich landscape of diverse production regimes, including mixed regimes where agents optimize utility by combining time spent working for the market, for self-subsistence or by taking time off.File | Dimensione | Formato | |
---|---|---|---|
Benito_Guillermo.pdf
accesso riservato
Dimensione
750.57 kB
Formato
Adobe PDF
|
750.57 kB | Adobe PDF |
The text of this website © Università degli studi di Padova. Full Text are published under a non-exclusive license. Metadata are under a CC0 License
https://hdl.handle.net/20.500.12608/70125