Agent-based computational economics (ACE) is the computational study of economies modelled 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 local interactions of...

This study reports on computational experiments for an agent-based labor market model with adaptive choice and refusal of worksite partners and with endogenously evolving worksite behaviors. Two treatment factors are experimentally varied: market structure; and ex ante capacity constraints on...

This paper considers the methodology of measuring replacement rates, comparing simulation based approaches, which simulate replacement rates for a representative sample of the population, with other approaches that simulate replacement rates for "typical" families or are entirely based on...

This paper analyzes the effect of volatility in oil prices on the degree of asymmetry in the response of gasoline prices to oil price increases and decreases. Several time series measures of the asymmetry between the responses of gasoline prices to oil price increases and decreases and several...