Economic modelling - Resources for valuing goods
- by Rushyo
tl;dr: What economic/computer science books would you suggest for learning about economic valuation of goods and simulations thereof?
I'm looking to create an economic model for a game based on goods created procedurally.
Every natural resource and produced good would be procedurally generated, with certain goods being assigned certain uses.
Fakesium might be used for the
production of Weapon A and produced
from Fakesium factories which use
Dilithium and Widgets as reagents,
where Widgets are also the product of Foo
and Bar
The problem is not creating the resources and their various production utlities - but getting the game's AI empires and merchants to correctly value the goods according to their scarcity, utility and production costs.
I need to create a simulation of goods which allows the various game factions to assign a common value denominator (credits) to each resource, depending on how much its worth to that empire.
I see the simulation being something like: "I have a high requirement for Weapon A. Since I don't have much of Fakesium, which is needed for Weapon A - I must have a high demand for Fakesium. If I can acquire Fakesium, devalue it. If not, increase its value - and also increase demand for Dilithium and Widgets too."
This is very naive - because it may be much much cheaper for the empire to simply purchase Dilithium and Widgets directly rather than purchasing Fakesium, for example. Another example is two resources might allow the creation of Weapon A (Fakesium and Lieron), so we'd need to consider that. I've been scratching my head over the problem and it keeps growing.
By the time the player joins the world, I'd expect enough iterations of this process to have occurred that prices would have largely normalised - and would then only trigger rarely to compensate for major changes (eg. if the player blows up the world's only Foo mine!)
Could anyone suggest resources (books, largely) which outline this style of modelling, preferably in the context of simulations? Since this problem would never occur outside fantasy worlds, I figured this is probably the most likely place to find people who have encountered similar problems and I'm sure there's people who know of good places for Games Developers to start looking at less specific economic theory too.
Additionally, does anyone know of any developers with blogs whose games or research applications perform similar modelling?
