Geert Jonker
ABSTRACT
We present a monetary system by which selfish agents can cooperate reciprocally. We show that a straight-forward market mechanism can lead to unfair situations when agents misuse key positions. We show that it is not easy to retaliate wrongdoers, as there is a dominant strategy that deviates from the retaliating strategy. We present a monetary system in which every user can issue money and every user is required to sign each credit it issues or circulates. By using a trust-based credit-valuation function, wrongdoers are retaliated and it is no longer dominant to deviate from the retaliating strategy.
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Index Terms
- Achieving cooperation among selfish agents in the air traffic management domain using signed money
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