Showing 1 - 10 of 12
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 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...
Persistent link: https://www.econbiz.de/10005408374
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
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 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
This chapter explores the potential advantages and disadvantages of Agent-based Computational Economics (ACE) for the study of economic systems. General points are concretely illustrated using an ACE model of a two-sector decentralized market economy. Six issues are highlighted: Constructive...
Persistent link: https://www.econbiz.de/10004997725
Agent-based computational economics (ACE) is the computational study of economies modeled as dynamic systems of interacting agents. Thus, ACE is a specialization to economics of the basic complex adaptive systems paradigm. This paper outlines the main objectives and defining characteristics of...
Persistent link: https://www.econbiz.de/10004997754
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...
Persistent link: https://www.econbiz.de/10005076912