Showing 1 - 10 of 12
The aim of this paper is to provide a starting point for the building of practical policy simulation models using ideas from evolutionary economics.
Persistent link: https://www.econbiz.de/10004971296
The aim of this paper is to explain patterns of household income within an urban area. A particular pattern common to US cities is for a concentration of the poor in the inner city, with higher-income households farther out, and then lower-income households even farther out. It is the...
Persistent link: https://www.econbiz.de/10004971297
<p> The aim is to provide a critical evaluation of the book entitled 'Time, Strategies, Innovation and Environmental Policy' and edited by Christian Sartorius and Stefan Zundel. </p><p> The main emphasis is on the theoretical work developed in the book rather than the empirical part. Indeed twelve case...</p>
Persistent link: https://www.econbiz.de/10004971298
There are three different <i>symbol systems</i> available to social scientists: the familiar verbal argumentation and mathematics, but also a third way, computer simulation. Computer simulation, or computational modeling involves representing a model as a computer program. The key question is: What...
Persistent link: https://www.econbiz.de/10004971299
This paper models adaptive learning behavior in a simple coordination game that Van Huyck, Cook and Battalio (1994) have investigated in a controlled laboratory setting with human subjects. We consider how populations of artificially intelligent players behave when playing the same game. We use...
Persistent link: https://www.econbiz.de/10004971300
Industrial districts are complex systems based on an evolutionary network of interactions among heterogeneous, functionally integrated, complementary and localised firms. The paper describes an agent-based model that allows to investigate some theoretical hypotheses on the relation among...
Persistent link: https://www.econbiz.de/10004977245
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...
Persistent link: https://www.econbiz.de/10004977247
The cited paper uses Genetic Programming (GP) to simulate a well known coordination game, replicating some of the results observed in experiments. This short note suggests that the results presented in the paper cited in the title can be obtained in a much simpler way, due to the action of...
Persistent link: https://www.econbiz.de/10005032768
We use evolutionary game theory in order to determinate the long-run behaviours in the monetary policy game. The model we present firstly assumes the government as well as the private sector are boundedly rational players. The behavioral rule of the government is imitation of the best player...
Persistent link: https://www.econbiz.de/10005032769
Agent heterogeneity, alongside several types of learning rules, has been used in recent economic literature to justify nonlinear dynamics for the time paths of aggregate economic variables. In this paper, the mechanism through which heterogeneous agents leads to chaotic motion is...
Persistent link: https://www.econbiz.de/10005032770