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A brief overview of agent-based computational economics (ACE) is given, followed by synopses of the articles included in this special ACE issue.
Persistent link: https://www.econbiz.de/10005433202
This essay discusses the potential relevance of artificial life research for the study of economic processes.
Persistent link: https://www.econbiz.de/10005441992
This study outlines the main objectives and defining characteristics of agent-based computational economics (ACE), the computational study of economies modeled as evolving systems of autonomous interacting agents. Similarities and distinctions between ACE and artificial life research are...
Persistent link: https://www.econbiz.de/10004979901
This guide provides pointers to introductory readings, software, and other materials to help newcomers become acquainted with agent-based modeling in the social sciences. Related work can be accessed at: http://www.econ.iastate.edu/tesfatsi/ace.htm
Persistent link: https://www.econbiz.de/10004979907
Agent-based Computational Economics (ACE) is the computational study of economic processes modeled as dynamic systems of interacting agents. This essay discusses the potential use of ACE modeling tools for the study of macroeconomic systems. Points are illustrated using an ACE model of a...
Persistent link: https://www.econbiz.de/10004979908
This handbook comprises 16 chapters surveying agent-based computational economics research, 6 shorter essays providing personal perspectives, and a "getting started" guide for newcomers to agent-based modeling in the social sciences. Research topics covered include: learning representations for...
Persistent link: https://www.econbiz.de/10004979916
A brief overview of agent-based computational economics is given, followed by synopses of the nine contributions included in this special issue. Related work can be accessed at http://www.econ.iastate.edu/tesfatsi/ace.htm
Persistent link: https://www.econbiz.de/10004979926
Agent-based computational economics (ACE) is roughly defined as the computational study of economies modeled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated...
Persistent link: https://www.econbiz.de/10004979928
 This paper studies the choice of monetary policy regime in a small open economy underproductivity shocks and noise traders in forex markets. We focus on two simple rules: Â…xedexchange rates and in‡ation targeting. We contrast the above two rules against optimal policywith commitment....
Persistent link: https://www.econbiz.de/10011070809
This study discusses the potential applicability of Agent-based Computational Economics (ACE) for macroeconomic modeling, with a particular stress on the following three issues: (1) taxonomy - what types of agents for macroeconomic models?; (2) scale robustness - how many agents for...
Persistent link: https://www.econbiz.de/10004993636