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.
2023
Building a formal model of the effectiveness of modeling in the face of variability in the world
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.
Modeling
Complex systems
Economics
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12608/70125