Search Results - subject:"Agent Based Models"

Asset price bubbles and crashes with near-zero-intelligence traders

Duffy, John; Ünver, M. - In: Economic Theory 27 (2006) 3, pp. 537-563

We examine whether a simple agent-based model can generate asset price bubbles and crashes of the type observed in a series of laboratory asset market experiments beginning with the work of Smith, Suchanek and Williams (1988). We follow the methodology of Gode and Sunder (1993, 1997) and examine...

Persistent link: https://www.econbiz.de/10005155483

Chapter 33 Agent-based Modeling as a Bridge Between Disciplines

Axelrod, Robert - In: Handbook of computational economics : volume 2, …, (pp. 1565-1584). 2006

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....

Persistent link: https://www.econbiz.de/10014024372

Chapter 29 Computational Methods and Models of Politics

Kollman, Ken; Page, Scott E. - In: Handbook of computational economics : volume 2, …, (pp. 1433-1463). 2006

agent-based models developed by economists and political scientists. These models address collective action problems … early findings from agent-based models align with widely known empirical regularities in the political world. In the process … future. This optimism follows from the observation that the concepts used in computational methodology in general and agent-based …

Persistent link: https://www.econbiz.de/10014024376

Chapter 26 Agent-Based Models of Organizations

Chang, Myong-Hun; Harrington, Joseph E. - In: Handbook of computational economics : volume 2, …, (pp. 1273-1337). 2006

, distribution of decision-making authorities, and the provision of incentives. This chapter provides a synthesis of various agent-based … models of organizations and surveys some of the new insights that are being delivered. The ultimate goal is to introduce the …

Persistent link: https://www.econbiz.de/10014024379

Need, greed and noise: competing strategies in a trading model

Donangelo, R.; Hansen, A.; Sneppen, K.; Souza, S.R. - In: Physica A: Statistical Mechanics and its Applications 348 (2005) C, pp. 496-504

We study an economic model where agents trade a variety of products by using one of the three competing rules: “need”, “greed” and “noise”. We find that the optimal strategy for any agent depends on both product composition in the overall market and composition of strategies in the...

Persistent link: https://www.econbiz.de/10011063852

COULD SHORT SELLING MAKE FINANCIAL MARKETS TUMBLE?

ANDERSEN, JØRGEN VITTING - In: International Journal of Theoretical and Applied … 08 (2005) 04, pp. 509-521

It is suggested to consider long term trends of financial markets as a growth phenomenon. The question is what conditions are needed for a long term sustainable growth or contraction in a financial market? The paper discusses the role of traditional market players of long only mutual funds...

Persistent link: https://www.econbiz.de/10005080459

IE WP 02/04 Technology and the environment: an evolutionary approach to sustainable technological change

Carrillo-Hermosilla, Javier - EconWPA - 2005

Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...

Persistent link: https://www.econbiz.de/10005556134

Spatial process and data models: Toward integration of agent-based models and GIS

Brown, Daniel G.; Riolo, Rick; Robinson, Derek T.; … - In: Journal of Geographical Systems 7 (2005) 1, pp. 25-47

existing GIS and ABM development platforms, and illustrate the need and approaches with example agent-based models. Copyright …

Persistent link: https://www.econbiz.de/10005719163

IE WP 20/03 An Evolutionary Approach to the Process of Technology Diffusion and Standardization

Carrillo-Hermosilla, Javier - EconWPA - 2005

The study described here aims to make a threefold contribution to the analysis of technology diffusion. First of all, it tries to offer a new approach to the study of the dynamic of innovation diffusion, not from the traditional perspective of the rate at which one new technology is fully...

Persistent link: https://www.econbiz.de/10005118866

Individual Contacts, Collective Patterns. Prato 1975-97, a story of interactions.

Fioretti, Guido - EconWPA - 2005

This article presents an agent-based model of an Italian textile district where thousands of small firms specialise in particular phases of fabrics production. It is an empirical model that reconstructs the communications between firms when they arrange production chains. In their turn,...

Persistent link: https://www.econbiz.de/10005118965