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Agent-based computational economics 1 Decentralized exchange process 1 Microfoundations of macroeconomics 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Gaffeo, Edoardo 1 Gallegati, Mauro 1 Gostoli, Umberto 1
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Dipartimento di Economia e Management, Università degli Studi di Trento 1
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CEEL Working Papers 1
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RePEc 1
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An agent-based "proof of principle" for Walrasian macroeconomic theory
Gaffeo, Edoardo; Gallegati, Mauro; Gostoli, Umberto - Dipartimento di Economia e Management, Università … - 2012
Macroeconomic models are typically solved through the imposition of a top-down general equilibrium solution constraining agents' rational be- havior. This is customarily obtained by recurring, explicitly or not, to the Walrasian auctioneer (WA) artifice. In this paper we aim at contributing to...
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