Competition of Commodities for the Status of Money in an Agent-based Model

In this model study of the commodity market, we present some evidence of competition of commodities for the status of money in the regime of parameters, where emergence of money is possible. The competition reveals itself as a rivalry of a few (typically two) dominant commodities, which take the status of money in turn.Comment: 10 pages, 4 figure

On Pairs of Difference Operators Satisfying: [P,Q] = Id

Different finite difference replacements for the derivative are analyzed in the context of the Heisenberg commutation relation. The type of the finite difference operator is shown to be tied to whether one can naturally consider $P$ and $X$ to be self-adjoint and skew self-adjoint or whether they have to be viewed as creation and annihilation operators. The first class, generalizing the central difference scheme, is shown to give unitary equivalent representations. For the second case we construct a large class of examples, generalizing previously known difference operator realizations of $[P,X]=Id$.Comment: 32 pages, plain Te