Agent-Based Computational Economics: Modeling Economies As Complex Adaptive Systems

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 the ACE methodology, and disusses several active application areas. Annotated pointers to related work can be accessed here: http://www.econ.iastate.edu/tesfatsi/ace.htm

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Year of publication:	2008-08-19
Authors:	Tesfatsion, Leigh S.
Institutions:	Department of Economics, Iowa State University
Subject:	agent-based computational economics \| complex adaptive systems

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Information Sciences 2003, vol. 149, pp. 263-269
Classification:	C6 - Mathematical Methods and Programming ; D - Microeconomics ; E - Macroeconomics and Monetary Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004997754