The Basic Income concept in the perspective of Agent-Based modelling
|Author:||Mgr. Vít Macháček|
|Year:||2016 - summer|
|Leaders:|| doc. Petr Janský Ph.D.
|Work type:|| Economic Theory
|Awards and prizes:|
|Abstract:||The thesis study the relationship between the basic income introduction and the price level. The
basic income would replace the existing social security. The resulting redistribution induce
changes in the aggregate demand through the concave consumption function. The aggregate
demand in turn affect the price creation mechanism. Because the price level is a result of
activity of many different agents with private motivation and information, the work used a simple
macroeconomic agent-based model to isolate the relationship. The simulation however did not
succeed in isolating the possible link between the price level and the basic income introduction.