A hands-on approach to evolutionary simulation: Nelson and Winter models in the Laboratory for Simulation Development

The topic of this paper is evolutionary-economic models and how they are implemented in a new, effective system for programming and simulating such models. The evolutionary-economics simulation models are exemplified by the Nelson and Winter family of models of Schumpeterian competition in an industry (or an economy). To abbreviate we call such models NelWin models. The new system for the programming and simulation of such models is called the Laboratory for simulation development-abbreviated as Lsd.