Answers are grounded in this paper and cite their sources.
A game-theoretic model of scrip (artificial currency) systems is analyzed. It is shown that relative entropy can be used to characterize the distribution of agent wealth when all agents use threshold strategies —that is, they volunteer to do work if and only if they have below a threshold amount of money. Monotonicity of agents' best-reply functions is used to show that scrip systems have pure strategy equilibria where all agents use threshold strategies. An algorithm is given that can compute such an equilibrium and the resulting distribution of wealth.
No takes yet. Share an insight, caveat, or question.
Kash et al. (2015) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: