The Comparison in Transaction Efficiency between Dispersive and Concentrated Money Creation
The Comparison in Transaction Efficiency between Dispersive and Concentrated Money Creation
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发表时间：
2011-02
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通讯作者：
N. Kichiji;M. Nishibe
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作者：
N. Kichiji;M. Nishibe
本文对货币的集中创造与分散创造进行了比较，并试图通过计算机模拟的结果来说明let所体现的分散货币创造方式相对于集中货币创造方式的优势。然而，两种货币创造方式都有各自的优点和缺点。我们还估计了限制let中所有参与者借方上限的不同规则对已实现交易率的影响，以防止搭便车。首先，我们对let进行概述。其次，通过计算机模拟，我们展示了分散货币创造方法相对于集中货币创造方法的优势。最后，我们证明了“交易指数化法”在let中设置借方上限确定规则的有效性，以避免搭便车并提高交易效率。
In this paper, we have compared concentrated creation of money with dispersive creation of money, and try to show, by using the results of computer simulation, the advantage of the method of dispersive money creation embodied into LETS in comparison with concentrated money creation. However, both ways of money creation have particular merits and demerits. We also estimate the effect of different rules for restricting the upper limits of debits of all par-‐ ticipants in LETS on the rate of realized transactions in order to prevent free riding. First, we give an overview of LETS. Second, we show, using a computer simulation, the advan-‐ tage of the method of dispersive money creation compared to concentrated money creation. Finally, we have demonstrated the validity of the ‘transaction indexation method’ to set the rules of determining the upper limit of debits in LETS to avoid free riding and to enhance trans-‐ action efFiciency.