1. Complex Systems Modeling of Community Inclusion Currencies
- Author
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Clark, Andrew, Mihailov, Alexander, and Zargham, Michael
- Subjects
jel:E42, E51, D47, G23, G51, I38 ,Community Inclusion Currencies, Blockchain Technologies, Poverty Alleviation, Eliciting Utility Types, Complex Dynamic Systems, Subpopulation Simulation - Abstract
This paper proposes a complex dynamic system subpopulation model for the construction and validation of a novel form of local complementary currency, namely the Grassroots Economics Foundation’s Community Inclusion Currency (CIC) implemented recently in Kenya. First, we highlight that CICs can act as a local liquidity-provision institutional device in poor or isolated economic regions, thereby serving as a market-based mechanism to alleviate poverty. Second, we elicit 50 heterogeneous utility types according to observed transactions behavior in our rich data set, i.e., via revealed – and recorded – preferences, and build a corresponding model and simulation at a meso-economic level., Series: Working Paper Series / Institute for Cryptoeconomics / Interdisciplinary Research
- Published
- 2022