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Complex Systems Modeling of Community Inclusion Currencies
- Publication Year :
- 2022
- Publisher :
- WU Vienna University of Economics and Business, 2022.
-
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.<br />Series: Working Paper Series / Institute for Cryptoeconomics / Interdisciplinary Research
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.od.......777..d2f90301be06be36d49bb48fa934c22a