We study the effects of agent movement on equilibrium selection in network based spatial coordination games with Pareto dominant and risk dominant Nash equilibria. Our primary interest is in understanding how endogenous partner selection on networks influences equilibrium selection in games with...

In Agent-based computational economics economy is considered a complex system where the interactions between the economic agents are of ultimate importance. Simulating the economic system by modeling the behavior of the individual encompasses many advantages and certain epistemological issues...

We propose a double auction mechanism for the exchange of leveraged assets and bonds in an agent based model. In this framework we validate recent results in general equilibrium theory about endogenous leverage and its consequences for asset pricing. We find that the institutional details of...

The purpose of this paper is to present a spatial agent-based model of N-person prisoner's dilemma that is designed to simulate the collective communication and cooperation within a socio-geographic community. Based on a tight coupling of REPAST and a vector Geographic Information System, the...

This paper compares four freely available programming libraries for support of social scientific agent based computer simulation: RePast, Swarm, Quicksilver, and VSEit. Our aim is evaluation to determine the simulation framework that is the best suited for theory and data based modeling of...