Search Results - subject:"agent‐based models"

A Multi-Agent Systems Approach to Microeconomic Foundations of Macro

Gibson, Bill - Department of Economics, University of Massachusetts-Amherst - 2007

and phrases. Multi-agent system, agent-based models, microeconomic foundations, macroeconomics. JEL codes D58, D83, D30 … agent-based models, address one of the most fundamental problems in social science: the relationship between structure and … therein. See also (Epstein and Axtell, 1996) for a good introduction. 9Markets emerge naturally in agent-based models and much …

Persistent link: https://www.econbiz.de/10005170443

Some Effects of Transaction Taxes Under Different Microstructures

Pelizzari, Paolo; Westerhoff, Frank - Finance Discipline Group, Business School - 2007

], [33] and [28]. But there are Key words and phrases. Transaction tax, Tobin tax, microstructures, agent-based models …

Persistent link: https://www.econbiz.de/10005112868

Empirical validation of agent-based models: A critical survey

Fagiolo, Giorgio; Windrum, Paul; Moneta, Alessio - 2006

This paper addresses the problem of finding the appropriate method for conducting empirical validation in agent-based (AB) models, which is often regarded as the Achilles' heel of the AB approach to economic modelling. The paper has two objectives. First, to identify key issues facing AB...

Persistent link: https://www.econbiz.de/10010328553

Empirical Validation of Agent Based Models: A Critical Survey

Fagiolo, Giorgio; Windrum, Paul; Moneta, Alessio - Laboratory of Economics and Management (LEM), Scuola … - 2006

Empirical Validation of Agent-Based Models: A Critical Survey Giorgio FAGIOLO* Paul WINDRUM … Validation of Agent-Based Models: A Critical Survey Giorgio Fagiolo 1 , Paul Windrum 2 and Alessio Moneta 3 … data. Keywords: empirical validation, agent-based models, calibration, history-friendly modelling …

Persistent link: https://www.econbiz.de/10005518712

A comparison of different trading protocols in an agent-based market

Pellizzari, Paolo; Forno, Arianna Dal - Dipartimento di Matematica Applicata, Università Ca' … - 2006

We compare price dynamics of different market protocols (batch auction, continuous double auction and dealership) in an agent-based artificial exchange. In order to distinguish the effects of market architectures alone, we use a controlled environment where allocative and informational issues...

Persistent link: https://www.econbiz.de/10005076141

A formal evaluation of the performance of different corporate styles in stable and turbulent environments

Caldart, Adrian A.; Ricart, Joan E. - IESE Business School, Universidad de Navarra - 2006

The notion of "parenting styles", introduced by Goold, Campbell and Alexander, has been widely acknowledged by the Corporate Strategy literature as a good broad description of the different ways in which corporate managers choose to manage and organize multibusiness firms. The purpose of this...

Persistent link: https://www.econbiz.de/10005057492

Exploring a New ExpAce: The Complementarities between Experimental Economics and Agent-based Computational Economics

Contini, Bruno; Leombruni, Roberto; Richiardi, Matteo - Collegio Carlo Alberto, Università degli Studi di Torino - 2006

What is the relationship, if any, between Experimental Economics and Agent-based Computational Economics? Experimental Economics (EXP) investigates individual behaviour (and the emergence of aggregate regularities) by means of human subject experiments. Agent-based Computational Economics (ACE),...

Persistent link: https://www.econbiz.de/10005765462

The regional model for Mediterranean agriculture

Lobianco, Antonello; Roberto, Esposti - Volkswirtschaftliche Fakultät, … - 2006

AgriPoliS is a multi-agent mixed integer linear programming (MIP) model, spatially explicit, developed in C++ language and suitable for long-term sim- ulations of agricultural policies. Beyond the mixed integer programming core, the model main feature is the interaction among a set of...

Persistent link: https://www.econbiz.de/10005621381

Reviewing the Leverage Cycle

Fostel, Ana; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2013

We review the theory of leverage developed in collateral equilibrium models with incomplete markets. We explain how leverage tends to boost asset prices, and create bubbles. We show how leverage can be endogenously determined in equilibrium, and how it depends on volatility. We describe the...

Persistent link: https://www.econbiz.de/10010895688

Chapter 14. Modeling a Heterogeneous World

Bookstaber, Richard; Kirman, Alan - In: Handbook of computational economics : Volume 4: …, (pp. 769-795). 2018

obliged to use agent based models to capture the dynamics of such systems. For our first example, the Marseille fish market …

Persistent link: https://www.econbiz.de/10014024351