The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of...

Liberal theorists and, more recently, constructivists have argued that a shared sense of identity will decrease threat perception and increase international cooperation. But what processes lead to the emergence (or collapse) of a shared sense of identity? Drawing on individual-level experiments...

This article is concerned with the global behavior of agents in the El Farol bar problem. In particular, we discuss global attendance in terms of its mean and variance, and show that there is a strong dependence of both on the externally imposed comfort level. We present a possible...

In this paper, co-evolution is used to examine the long-term evolution of business models in an industry. Two types of co-evolution are used: synchronous, whereby the entire population of business models is replaced with a new population at each generation, and asynchronous, whereby only one...

Supply security and environmental concerns associated with oil call for an introduction of hydrogen as a transport fuel. To date, scenario studies of infrastructure build up and sales of fuel cell vehicles (FCVs) are driven by cost estimates and technological feasibility assumptions, indicating...

Since the end of the 1960s, price limits has been employed by many futures markets and stock markets around the world. In the literature, the effectiveness of price limits is still under debate. The main purpose of price limit is to reduce price volatility. The rationale for supporting price...