We have simulated an economy with 1000 buyers and 5 sellers employing
various mixtures of pricing strategies. In each of the simulations
depicted below, each buyer's valuation of the good v = 1, and each
seller's production cost c = 0.5. The mixture of buyer types is set
at 
, i.e., 75% are bargain hunters.
The simulation is asynchronous: at each time step, a buyer or seller
is randomly selected to carry out an action (e.g., buying an item or
resetting a price). The chance that a given agent is selected for
action is determined by its rate; the rate 
at which a given
buyer b attempts to purchase the good is set to 0.001, while the rate
at which a given seller reconsiders its price is 0.00002.
Each simulation was iterated for 100 million time steps.