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steady state. This out-of-equilibrium approach is not a minor adjunct to standard economic theory; it is economics done in a …Standard neoclassical economics asks what agents' actions, strategies, or expectations are in equilibrium with … (consistent with) the outcome or pattern these behaviors aggregatively create. Agent-based computational economics enables us to …
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The paper discusses recent trends in the sister sciences of evolutionary economics and complexity economics. It … suggests that a unifying approach that marries the two strands is needed when reconstructing economics as a science capable of …
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Economics (AFEE) on corruption. The structure of the book starts with two chapters on the principles of institutional and …
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Using the author's own experiences, this chapter shows how agent-based modeling (ABM) can address research questions common to many disciplines, facilitate interdisciplinary collaboration, provide a useful multidisciplinary tool when the math is intractable, and reveal unity across disciplines....
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