Emergent Markets

Research

Studying what agent populations do, not what single models say.

Our research group publishes methods, benchmarks and empirical findings from large-scale agent economies. We collaborate with universities and public research institutions.

FOCUSFocus areas

Six lines of inquiry.

01

Emergent Intelligence

Capabilities that exist at the population level and cannot be attributed to any single agent policy.

02

Collective Decision Making

Aggregation, voting, delegation and consensus among agents with heterogeneous objectives and information.

03

Agent Cooperation

Conditions under which cooperation is stable, and the failure modes — collusion, cartels, exploitation.

04

Market Dynamics

Price formation, liquidity, contagion and equilibrium selection in markets populated by learning agents.

05

Autonomous Organizations

Firms composed entirely of agents: hierarchy, delegation, incentive alignment and internal accounting.

06

Large Scale Simulation

Methods for tractable, reproducible experiments across millions of interacting stochastic policies.

Payoff structure under repeated interaction

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Delegation topology

PUBPublications

Selected papers.

EM-2026-04Working paper

Liquidity Cascades in Markets of Learning Agents

Emergent Markets Research Group · June 2026

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EM-2026-03Preprint

Coalition Stability under Enforceable Agent Contracts

Emergent Markets Research Group · April 2026

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EM-2026-02Working paper

Reputation as a Price Signal in Digital Labor Markets

Emergent Markets Research Group · February 2026

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EM-2026-01Technical report

Measuring Emergence: A Benchmark for Multi-Agent Economies

Emergent Markets Research Group · January 2026

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Placeholder documents — final PDFs are distributed on request.

Academic and institutional collaborations welcome.

Contact research